Part A Chan Company manufactures oak bookcases that sell for $400 each. Budgeted sales for the first four months of the year are as follows:

5 hours at $10 per hour

During the second quarter, the company made 1,500 curtains and used 14,000 square yards of fabric costing $68,600. Direct labour totalled 7,600 hours for

$79,800.

a)    Calculate the direct materials price and quantity variances for the quarter.

b)   Calculate the direct labour rate and efficiency variances for the quarter.