The following information describes production activities of Truzor Manufacturing for the year:

The following information describes production activities of Truzor Manufacturing for the year:

Actual raw materials used 38,000 lbs. at $5.70 per lb. 
Actual factory payroll 6,000 hours for a total of $96,000 
Actual units produced 30,000 

Budgeted standards for each unit produced are 1.00 pounds of raw material at $5.80 per pound and 10.0 minutes of direct labor at $15.50 per hour.

Required:

(1)  Compute the direct materials price and quantity variances.


Price variance $ 

Quantity variance $

(2)  Compute the direct labor rate and efficiency variances. 


Rate variance $ 

Efficiency variance $