5. A construction company is bricking the outside of a hotel. Last month its flexible budget for bricks and labor for this effort was $52.5K and $84K, respectively. Brick cost was budgeted at $350/thousand for the 160K bricks budgeted to be laid. Labor was estimated at 5,250 hours at $16/hour to lay the 160K bricks. Actual costs were $59.65K for bricks and $97.35K for labor. It is important to you as a manager to know how much these variances are due to individual changes in material and labor prices and quantities. 175K bricks were laid and the actual cost for the bricks was $360/thousand. Actual labor hours were 5900. The average labor rate last month was $16.50/hour. Label each Budget Variance below as favorable or unfavorable and determine its value. a) (1 pt) What is the Brick Quantity Variance? b) (1 pt) What is the Direct Labor Quantity Variance? c) (1 pt) What is the Brick Price Variance? d) (1 pt) What is the Direct Labor Price Variance