10 The following describes production activities of Mercer Manufacturing for the year 071 points Actual direct materials used ||| 36,000 lbs. at $6.05 per 10 Actual direct labor used 11,100 hours for a total of 233, 100 Actual units produced Budgeted standards for each unit produced are 0.50 pound of direct material at $6.00 per pound and 10 minutes of direct lobor at $22.00 per hour AH - Actual Hours SH Standard Hours AR Actual Rate SR Standard Rate AQ Actual Quantity So Standard Quantity AP Actual Price SP Standard Price (1) Compute the rect materials pncond quantity variances and classy each as favorable of unfavorable indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit answers to 2 decimal places.) (2) Compute the direct labor rate and efficiency variances and classity each as favorable or unfavorable (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.) Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Required 1 Required 2 0.71 points Compute the direct materials price and quantity variances and classify each as favorable or unfavorable. (Do not round Intermediate calculations.) Actual Cost Standard Cost Required 2 > Complete this question by entering your answers in the tabs below. Required 1 | Required 2 Compute the direct labor rate and efficiency variances and classify each as favorable or unfavorable. (Do not round Intermediate calculations.) Actual Cost Standard Cost X 0 (Required 1