2. Direct Materials (DM) Variances ( 1.5pts; 0.5 pts each variance): Honest Joe, Corp. has set the following standards for direct materials (DM) costs per unit for the good it manufactures: Standard Quantity: 1.8kg per unit Standard Price: $6.00 per kg During the month of February 2023, the firm incurred the following actual DM costs to produce 10,000 units: Actual Total Quantity: 18,800 total kg Actual Total DM Cost: $111,860 a. Calculate the DM cost variance. Indicate whether this variance is favorable (F) or unfavorable (U). b. Calculate the DM price variance. Indicate whether this variance is favorable (F) or unfavorable (U). c. Calculate the DM quantity variance. Indicate whether this variance is favorable (F) or unfavorable (U)