5, Sunny Juice Company produces fruit juices, sold in gallons. Recently, the company lon oh Direct materials (128 oz. @ $0.046) $5.888. S adopted the following standards for one gallon of its cranbery juice: $12.00) 0.456 Direct labor (0.038 hr. Standard prime cost $6.344 During the first week of operation, the company experienced the followingfactual results: AG a. Gallon units produced: 52,000 A b. Ounces of materials purchased: 6.420.000 unces at 50.047 c. No beginning or ending inventories of raw materials d. Direct labor: 2,000 hours at $12.50 Required 1. Compute price and usage variances for dirct materials., 2. Compute the rate variance and the-efficiency variance for direct labor