The following is a standard cost sheet for production of one pint of Mango Skin Cream:

Direct materials (1.25 pints at $.40 per pint) .50

Direct labor (.25 hours at $12 per hour) 3.00

Variable overhead ($2.00 per DLH) .50

Fixed overhead ($1.60 per DLH) .40

Total cost per unit $4.40

Forecast sales and production volume was 20,000 pints of skin cream, and 27,500 pints of direct materials were purchased for $10,725. 26,000 pints of direct materials were actually used in the production of 21,000 pints of skin cream. Production used up 5,040 direct labor hours costing a total of $59,500. Actual overhead was $8,500 fixed and $9,900 variable.

3. The direct materials usage variance is:

4. The direct materials price variance is: