(For the following, positive values are unfavorable variances and negative values are favorable variances)
Cost Standards for Product X:
Direct Material 3 pounds @ $2.53 per pound $7.59
Direct Labor 5 hours @ $7.53 per hour 37.65
Units produced 7,795
Direct material purchased 26,000 pounds @ $2.70 $70,200.
Direct material used 23,100 pounds @ $2.70 62,370.
Direct Labor 40,100 hours @ $7.30 292,730.
A) The direct-material price variance is: ?
B) The direct-labor efficiency variance is: ?
C) The standard hours allowed for the work performed are: ?