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Exerciue 3 (12 Points)s Premicr Steak Howse has the following standards for its frmoas and exclaske Top Strloin diners: Daring the moech of Angert, Promicr Steak Hovese served 1,500 Top Saloin dinaers. 900 pounds of mataial were purchaused and essed for $34,200 Direct laboer hours arsed were 450 bous with a total cost of $14,400. Required: Ccmpete the price and efficiency variances for direct materials and drect labour Indicate if the varable is fivourable (F), unfrvorrable (U), or none