1. What are the direct material efficiency variance and price variance. (Bottle size 15 oz.= standard usage of material per bottle is 15 oz.

2. What are the direct labor price variance and efficiency variance.

Actual Bottles filled Direct materials used in production Actual direct material cost Actual direct manufacturing labor-hours Actual direct labor cost 360,000 6,300,000 oz. 2,205,000 pesos 24,500 hours 739,165 pesos Standards Purchase price of direct materials Bottle size Wage rate Bottles per minute 0.34 pesos/oz 15 oz. 29.30 pesos/hour 0.50