The standard costs for product AX14 are:

Direct materials: 40 yards at $3.70 per yard	$148
Direct labor: 7 hours at $18.00 per hour	126
Total	$274

The following information pertains to August: Direct material purchased and used: 42,500 yards for $148,750 Direct labor: 7,500 hours for $136,500 Actual completed production: 1,050 units Required: Calculate the following variances:

A) direct-material purchase price variance, B) direct-material quantity variance, C)direct-labor rate variance and D) direct-labor efficiency variance. Indicate whether each variance is favorable or unfavorable.