Arish Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are . iven below: Standard Quantity Standard Price Standard or Hours or Rate Cost Direct materials .......... "n: 2.50 er und Tk 11.50 Direct labor ............. 11:12.00 .- hour \"It: 2.40 During the most recent monthI the following activity was recorded: a. Twenty thousand pounds of material were purchased at a cost of Tk 2.30 per pound. b. All of the material purchased was used to produce 4,000 units of Zoom. c. 3'50 hours of direct labor time were recorded at a total labor cost of Tk 10,400. Requirements: A) Compute the materials price and quantity variances for the month. B) Compute the labor rate and efciency variances for the month