The following information describes production activities of Truzor Manufacturing for the year:
 
 
 
 
 
 
  Actual raw materials used
 
38,000
 lbs. at $5.70 per lb.
 
  Actual factory payroll
 
6,000
 hours for a total of $96,000
 
  Actual units produced
 
30,000
 
 
 
Budgeted standards for each unit produced are 1.00 pounds of raw material at $5.80 per pound and 10.0 minutes of direct labor at $15.50 per hour.
 
(1)
Compute the direct materials price and quantity variances.
(Input all amount as a positive value. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response)
 
 
 
 
  Price variance
$ 
  Quantity variance
$ 
 
(2)
Compute the direct labor rate and efficiency variances. 
(Input all amount as a positive value. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Leave no cells blank - be certain to enter "0" wherever required. Please round to the nearest whole number. Omit the "$" sign in your response)
 
 
 
 
  Rate variance
$ 
  Efficiency variance
$