15 The dect materials and rect labour and for me botte of Clean All prey cleaner are given below SLM) Our the est recent month the towing activity was reconde 24.000 mes of meterial was purchased at a cost of $0.28 per All of the malerist was used to produce 3.000 botties of Clean Al 650 hours of alect tour time was recorded at a total labour cost of $7800 Required 1 Compute the deed materwis price and quantry variances for the month indicate the effect of each variance by selecting fevourable, "U" for unfavourable, and "Nene for ne effect ezera variance 2. Compute the recabour rate and efficiency variances for the month (indicate the effect of each variance by selecting for favourable "Ufer unfavourable and "None" for no effect e, ser variance The direct materials and direct labour standards for one bottle of Clean-All spray cleaner are given below Direct labour Standard Quantity 2.5 hours During the most recent month the following activity was recorded a. 24.000 mitres of material was purchased at a cost of $0.28 per me b. All of the material was used to produce 3.000 bottles of Clean-All 650 hours of direct labour time was recorded at a total labour cost of $7,800 Required Cost 1. Compute the dect materials price and quantity variances for the month indicate the effect of each variance by selecting "P" for favourable, "U" for unfavourable, and "None" for no effect (Le zero variance)) Materiais price varance Materiais anty variance 2. Compute the direct labour rate and efficiency variances for the month. (Indicate the effect of each variance by selecting "F" for favourable. "U" for unfavourable, and "None" for no effect (ie, zero variance).) Labour mate vanance Labour efficiency vence