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The Purdy Company uses standard costing and has established the following direct material and direct labor standards for each unit of the single product it

The Purdy Company uses standard costing and has established the following direct material and direct labor standards for each unit of the single product it makes and sells for $50:

Direct materials...........................................................................

4 gallons at $8 per gallon

Direct labor.................................................................................

1 hour at $16 per hour

During July, the company made 6,000 units of product and incurred the following costs:

Direct materials purchased.................................................

26,800 gallons at $8.20 per gallon

Direct materials used..........................................................

25,200 gallons

Direct labor used................................................................

5,600 hours at $15.30 per hour

The labor efficiency variance for July was?

The materials price variance for July was?

The materials quantity variance for July was?

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