Blackboard morehouse.edu/webapps/assessmente/takes course assessment id-145 S L 8 points Save Answer The following information comes from the records of Danny Co for the current period a Compute the direct materials price and quantity variances, direct labor rate and efficiency vanances and state whether the variance is favorable or unfavorable Actual costs and quantities 58 20 per for Direct materials used Drect labor hours used Direct laborrate per hour 25.000 units were produced during the period 7 000 feet 50 660 hours $15.50 Standard costs and quantities per unit Direct materials.. Direct labo 15 8 .10 pert Dotar armount answers do not needs or in the answer (for example 4000 as opposed to 54000) Orect materials price variance daramount 1550 2 Favorable or unfavorable vale > Direct materiais quantity variance dollar amount 1000 4. Favorable or unfavorable avorable