Book Haterials and Labor variances Deporte Company produces single-colored t-shirts Materials for the shirts are dyed in large vats After dving the materials for a given the w for changeover for a given batch have been established Direct materials (2.4 lbs. 0 10.95) Direct labor (0.75 hr. 17.40) Standard prime cost $2.26 3.33 During the year, 79,300 pounds of material were purchased and used for the changeover ateity There were 30,000 bunches produced, with the tem Direct materials Direct labor Required $64.260 $382,991 do 22.450 Compute the materials and labor varlanas sa Material Variances Price variance 1 with the changeover activity, labeling each vane as favorable e sferable Usage variance Labor Variances Rate variance midence vartance