The following materials standards have been established for a particular product:

The following standards for variable manufacturing overhead have been established for a company that makes only one product:

Standard hours per unit of output		8.8	hours
Standard variable overhead rate	$	15.20	per hour

The following data pertain to operations for the last month:

Actual hours		2,950	hours
Actual total variable manufacturing overhead cost	$	45,610
Actual output		150	units

What is the variable overhead efficiency variance for the month?

The following data pertain to operations concerning the product for the last month:

Actual materials purchased		7,000	meters
Actual cost of materials purchased	$	126,350
Actual materials used in production		6,600	meters
Actual output		1,440	units

What is the materials price variance for the month?