The Matisse Co. produces banana cakes. The following information relates to the actual production of 4,000 banana cakes. Standards: Direct materials cost $2.00 per pound & each cake requires 1 pound of bananas. Direct labor cost $11.00 per hour & each cake will take 1 DLH to complete. Actual: Bananas $1.90 per pound. 4,500 pounds of bananas were purchased and used. Actual direct labor cost was $43,460 at a cost of $10.60 per DLH.

What is the direct materials quantity variance?

What is the direct materials price variance?

What is the direct materials spending variance is: