The Ramos Company makes Product XYZ. It has developed the following per unit standard costs for 2014 for each item: In 2014, the company expected to produce 20, 000 units of Product XYZ and planned a level of 60,000 hours of direct labor. Actual results for 2014 are presented below: Direct materials purchased and used were 84,000 pounds at a cost of $231,000. Direct labor costs were $512, 400 for 61, 000 direct labor hours actually worked. Actual manufacturing overhead was $238,000. Actual production was 20,500 units. INSTRUCTIONS Compute the following variances: Direct materials: total, price and quantity. Direct labor: total, price and quantity Total overhead variance