4 Problem 10-39 Direct-Material and Direct-Labor Variances (LO 10-1, 10-3) Orion Corporation has established the following standards for the prime costs of one unit of its chief product, dartboards. 14 Direct material points Direct labor Total Skipped Standard Quantity 8.00 pounds 1.60 hour Standard Price or Rate $2.40 per pound $9.00 per hour Standard Cost $ 19.20 14.40 $ 33.60 eBook References During June, Orion purchased 208,000 pounds of direct material at a total cost of $526,240. The total wages for June were $394,450, 90 percent of which were for direct labor. Orion manufactured 23,000 dartboards during June, using 165,600 pounds of the direct material purchased in June and 40,250 direct-labor hours. Required: Compute the following variances for June. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "O" for no effect (i.e., zero variance).)