The standard costs and variances for direct materials, direct labor, and factory overhead for the

month of May are as follows

Variances

Standard Cost Unfavorable Favorable

Direct materials . . . .. . $ 85,000

Price variance . . . . . . . . . . . . . . . . . . . . . . . $5,000

Quantity variance . . . . . . . . . . . . . . . . . . . . . $3,000

Direct labor . . . . . . . . . 150,000

Rate variance . . . . . . . . . . . . . . . . . . . . . . . . 2,700

Efficiency variance . . . . . . . . . . . . . . . . . . . . 6,200

Manufacturing overhead 300,000

Spending variance . . . . . . . . . . . . . . . . . . . . 4,000

Volume variance . . . . . . . . . . . . . . . . . . . 5,000

Determine the actual costs incurred during the month of May for direct materials, direct labor,

and manufacturing overhead.