Seuss Companys budget contains the following standards: Material---2 Pounds at $.50 per Pound per Unit of Output

Question:

Seuss Company’s budget contains the following standards:
Material---2 Pounds at $.50 per Pound per Unit of Output ..................... $1.00
Direct Labor---1 Hour at $9.00 per Unit of Output.................................... 9.00

Although the firm budgeted 100,000 units of output for June, it produced only 97,810. It purchased and used 200,000 pounds of materials for $105,500. Direct labor costs were $905,000 for 99,200 hours.
a. Compute the materials variance.
b. Compute the labor variance.