Check my work 2 During June, Danby Company's material purchases amounted to 7,500 pounds at a price of $8.00 per pound. Actual costs incurred in the production of 1,800 units were as follows: 1.66 points Direct labor: Direct material: $138, 180 ($18.80 per hour) $ 45,600 ($8.00 per pound) eBook Print References The standards for one unit of Danby Company's product are as follows: Direct Labor: Direct Material: Quantity, 4 hours per unit Quantity, 3 pounds per unit Rate, $18.70 per hour Price, $7.70 per pound Required: Compute the direct-material price and quantity variances, the direct-material purchase price variance, and the direct-labor rate and efficiency variances. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "O" for no effect (i.e., zero variance).) Direct-material price variance Direct-material quantity variance Direct-material purchase price variance Direct-labor rate variance Direct-labor efficiency variance Unfavorable Unfavorable Unfavorable Unfavorable Unfavorable