[deepikajuneja24]

He following information describes production activities of the Central Corp.:

Raw materials used 16,000 lbs. At $4.05 per lb
Factory payroll 5,545 hours for a total of $72,085

30,000 units were completed during the year
Budgeted standards for each unit produced:
1/2 lb. Of raw material at $4.15 per lb.
10 minutes of direct labor at $12.50 per hour

Compute the direct materials price and quantity and the direct labor rate and efficiency variances. Indicate whether each variance is favorable or unfavorable.

[paraclete]

there is no way out of this but to do the math

It is a simple A-B = C or actual minus standard = variance