3. Gradian Corporation mamufactures lamps. It has ser up the following anondards per finished whit for direct materials and diroct manufacturing labor. Direct Materials \\( : 10 \\mathrm{gr} \\) at 54.50 per gr. Direst Labor : 0.5 bow at 530 per hour The number of finished wits budgeted for January 2019 was 10,000; 9,850 units were actually produced. Actron' results in January 2019 were: \\( \\begin{array}{lll}\\begin{array}{l}\\text { Direst Materials } \\\\ \\text { Direst Labor }\\end{array} & 58,055 \\text { fr. uted } \\\\ 4,900 \\text { hour }\\end{array} \\quad \\) sis4,350 \\( h=31.58 \\) Issume that there was no beginning iaveatory of either direct materials of finikhed units. During the month, aterials purchases amouated to \\( 100 \\mathrm{~kg} \\). at a fotal cost of 5465,000 . a. Compute the January 2019 price and efficiency sariances of direct materials and direct labor. (20 pts) b. Commont on the lasuary 2019 price and efficiency variances. (5 pts)