The Vemon Company has developed the following standards for one of their products. Direct materials: 20 pounds x $3 per pound Direct labor: 15 hours x $8 per hour Variable overhead: 15 hours x $2 per hour Budgeted volume for November was 10,000 units. The following activity occurred during November: Units Produced: 10,000 units Materials used: 210,000 pounds at $3.20 per pound Direct labor: 140,000 hours at $7.50 per hour Actual variable OH: $287,000 3) The direct materials price variance is Answer: 4) The direct materials usage or quantity variance is Answer: 5) The labour price or rate variance is