Thomas Co. recently completed 24,000 units of a product that was expected to consume five pounds of direct material per finished unit. The standard price of the direct material was $6 per pound. The firm purchased 125,000 pounds of materials (cost = $605,000) and consumed 110,000 pounds in manufacturing. The direct-materials quantity variance would be $_______________.

Strongsville Co. produces 2,500 units. Each unit was expected to require 2 labor hours at a cost of $10 per hour. Total actual labor cost was $52,250 for 4,750 hours worked. Direct labor is measured in labor hours. What is the direct labor rate (or price) variance?