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Jay Levitt Company budgeted the following cost standards for the current year: Direct materials (2 kg of plastic at $5 per kilogram) $10.00 Direct labour (2 hours at $12 per hour) 24.00 Variable manufacturing overhead 11.45 Fixed manufacturing overhead 7.05 Total standard cost per unit $52.50 Actual costs for producing 2,710 units were as follows: Direct materials used 5,990 kg Direct materials purchased (6,440 kg) $30,912 Direct labour (6,820 hours) $68,882 Variable manufacturing costs $32,300 Fixed manufacturing costs $17,600

Calculate the materials price variance for materials purchased. Materials price variance $enter the materials price variance select a type of the materials price variance FavourableUnfavourableNeither favourable nor unfavourable

Calculate the materials quantity variance. Materials quantity variance $enter the materials quantity variance select a type of the materials quantity variance Neither favourable nor unfavourableUnfavourableFavourable

Calculate the labour price variance. (Round answer to the nearest whole dollar, e.g. 5,275.) Labour price variance $enter the labour price variance rounded to the nearest whole select a type of the labour price variance Neither favourable nor unfavourableUnfavourableFavourable

Calculate the labour quantity variance. Labour quantity variance $enter the labour quantity variance select a type of the labour quantity variance

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