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Direct Material-
Std. price per unit of input- $12 per foot
Actual price per unit of input- $14 per foot
Std. inputs allowed per unit of output- 5 feet
Actual units of input- 2500 ft
Actual units of output- 600 units Direct Labor-
Std. price per unit of input- $14 per hour
Actual price per unit of input- $13 per hour
Std. inputs allowed per unit of output- 3 hour
Actual units of input- 1550 hour
Compute the price and quantity variances for direct materials and direct labor.
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