The standard cost sheet for a product is shown.

Manufacturing Costs	Standard price	Standard Quantity	Standard Cost per unit
Direct materials	$4.70 per pound	6.00 pounds	$	28.20
Direct labor	$12.39 per hour	2.10 hours	$	26.02
Overhead	$2.20 per hour	2.10 hours	$	4.62
			$	58.84

The company produced 3,000 units that required:

18,500 pounds of material purchased at $4.55 per pound

6,210 hours of labor at an hourly rate of $12.79 per hour

Actual overhead in the period was $14,260

Fill in the Budget Performance Report for the period. Some amounts are provided. Round your answers to the nearest dollar. However, do not round your intermediate calculations.

Budget Performance Report
Manufacturing Costs: 3,000 units	Actual Costs	Standard Costs	Variance (Favorable)/ Unfavorable
Direct materials	$84,175	$ FILL IN BLANK	$ FILL IN BLANK
Direct labor	FILL IN BLANK	78,057	FILL IN BLANK
Overhead	14,260	FILL IN BLANK	FILL IN BLANK
	$FILL IN BLANK	$FILL IN BLANK	$1,344

b) Calculating Direct LABOR Cost Variance, you can see that the actual costs are higher than standard and the actual hours are less than standard. The two variances are combined for a total favorable direct labor cost variance of $ _____. Calculating Direct MATERIALS Cost Variance, you can see that the actual costs are higher than standard and the actual quantity purchased and used is less than standard. The two variances are combined for a total favorable direct material cost variance of $ _____.