C [ A product of Bass, ny has the following standard costs, Variable overhead is applied on the basis of direct labor hours Inputs Unit of input Units per item Price or rate Direct Materials: millimeters 27 022/millimeter Direct Labor direct labor hours 12 $11/direct labor hour Variable Overhead direct labor hours $7/direct labor hour The following results were reported for the month of September. The direct material purchases variance in computed when the materials are purchased Actual output 660 items Raw Materials used: 20,537 millimeters Raw Material purchased: 18,045 millimeters Actual direct labor hours: 9,366 hours Actual cost of raw materials purchased $433,080 Actual direct labor cost $93,660 356,196 Actual variable overhead cost What are each of the following variances, and are they favorable or unfavorable? Part 1: Direct Labor rate variance = Part 2: Direct Material price variance: 5 Part 3: Direct Labor efficiency variance: S Part 4: Direct Material quantity variance