6. (20 pts) Consider the following data for a manufacturing company Direct Materials Direct Labor 11 .50hr 13.55/hr Actual price per unit of input 7.90/lb Standard price per unit of input Standard input allowed per unit of output Actual units of input Actual units of output (product) produced14,400 $7.50/1b 10 lb 125,000lb 2 hr 35,000hr 14.400 Compute the price, quantity, and flexible-budget variances for: a) Direct materials b) Direct labor