Paige Turner started Turner Publishing, Co$.$ for the one book it publishes:

During the quarter, Turner Publishing, Co$.$ produced $54,000$ units. Actual costs incurred were:

$1.$ Compute the direct materials cost variance, price variance and quantity variance.

$2.$ Compute the direct labor variance, rate variance and time variance.

Direct Materials: $30$ lbs$.$ @ $$4$ per lb$.$ $$120\mathrm{.}00$

Direct Labor: $5$ hrs$.$ @ $$14$ per hr$.70\mathrm{.}00$

Total standard cost per unit $$190\mathrm{.}00$

Direct Materials: $1,615,000$ lbs$.$ @ $$4\mathrm{.}10$ per lb$.$

Direct Labor: $265,000$ hrs$.$ @ $$13\mathrm{.}75$ per hr$.$