11. Tiger, Inc. budgeted for producing 40,000 units but actually produced 30,000 units. The standard per unit: Direct materials (5 lbs. @ $4/1b.) Direct labor (2 hrs. @ $8.75/hr.) The actual costs were: Direct materials (150,350 lbs at $4.10/b.) Direct labor (59,800 hrs. at $8.70/hr) $616,435 520,260 Required: (9 points) Compute each of the following variances. Indicate whether the variance is favorable (F) or unfavorable (U), BONUS: For each variance, list a possible reason for the variance. a. Direct materials price, direct materials quantity variance, and total spending variance b. Direct labor rate, direct labor efficiency variance, and total spending variance