Constitution Company's standard and actual costs per unit for the most recent period are given below. 15,000 units were actually prom Required: Standard Actual Materials: Standard: 5 feet at $2.00 per foot $10.00 Actual: 5.2 feet at $1.80 per foot $9.36 Direct Labor: Standard: 3.75 hours at $2.50 per hour $9.38 Actual: 3.5 hours at $3.00 per hour $10.50 From the foregoing information, compute the following variances and indicate whether the variances are favorable or unfavorable. She figures out to two decimal places. Use dollar signs for dollar figures. 1. Materials price variance (2 points) 2. Materials quantity variance. (2 points) 3. Direct labor rate variance, (2 points) 4. Direct labor efficiency variance. (2 points)