The Purdy Company uses standard costing and has established the following direct material and direct labor standards for each unit of the single product it makes and sells for $50:
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Direct materials...........................................................................
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4 gallons at $8 per gallon
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Direct labor.................................................................................
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1 hour at $16 per hour
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During July, the company made 6,000 units of product and incurred the following costs:
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Direct materials purchased.................................................
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26,800 gallons at $8.20 per gallon
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Direct materials used..........................................................
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25,200 gallons
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Direct labor used................................................................
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5,600 hours at $15.30 per hour
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The labor efficiency variance for July was?
The materials price variance for July was?
The materials quantity variance for July was?