Af = Actuat fate SR a Standaed Histe C a Actual Quantify sa astandard Duantify A.P a Actual Price Sp. = Stanidard Price Phequired: 13) Connpute the direct matetials price and quantify variances (Uue celis A4 to E11 from the given information to complete this question and indlate the effect of each variance by selecting favorable, unfavorable, or noverlancel. (2) Compote the diecct labor rate variance and the direct fabor efficiency vanance. (Use ceils A4 to El1 from the given information to complete this question and indicate the effect of each variance by selecting favorable, unfavorable, or An varlance