alrus Books produces classic, leather bound books. Each book produced requires 2 pounds of materials, which Walrus plans to buy at a standard cost of $0.75 per pound. Planned production for the month of April was 1,100 units.\ \ \ \ Actual materials costs for 1,000 books produced in April were 1,700 pounds of materials purchased and used at an actual price of $0.95 per pound. \ \ \ \ Required: Compute the following variance for Direct Materials.\ \ Activity Variance\ Spending Variance \ Direct Materials Quantity Variance \ Direct Materials Price Variance \ \ \ In your answer, write a dollar sign, followed by the amount in numbers, followed by the correct capital letter. There should be no spaces between any characters or your answer may be marked incorrectly.\ \ \ \ Example: $187U