Last year, Caan Enterprises budgeted for production and sales of 28,000 leather briefcases. Caan produced and sold 27,250 briefcases. Each briefcase has a standard requiring 4 feet of material at a budgeted cost of $3.2 per foot and 50 minutes of sewing time at a cost of $0.22 per minute. The briefcases sell for $50. Actual costs for the production of 27,250 briefcases were $270,480 for materials (84,000 feet at $3.22 per foot) and $325,920 for labor.
Enter all amounts as positive numbers. If required, round your answers to two decimal places.
A. What is the briefcase's direct material price variance?SelectFavorableUnfavorableItem 2
B. What is the briefcase's direct material usage variance?$ SelectFavorableUnfavorableItem 4
C. What is the briefcase's direct labor rate variance?SelectFavorableUnfavorableItem 6
D. What is the briefcase's direct labor efficiency variance?$ SelectFavorableUnfavorableItem 8