-70 Help 1 AutoZone produces brake pads using a standard cost system. Each break pad requires a standard quantity of 7 components, and the standard cost is $8 per component. In April, AutoZone produced 8,800 brake pads, and 64,900 components were purchased and used at the total cost of $515,700. Two requirements: a. Compute the direct materials price variance, b. Compute the direct materials quantity variance. a. Compute the direct materials price variance. (Do not round your intermediate calculations. Indicate "Favorable", "Unfavorable", or "None" for no effect fi.e., zero variance).) Price Vrance b. Compute the direct materials quantity variance. (Do not round your intermediate calculations. Indicate "Favorable". "Unfavorable", or "None" for no effect (i.e., zero variance).) Quantity Varianco