Daytona Corporation produced 200,000 units of Product #134 in June. Standards and Actual results for Product #134 for June are as follows: Standards Actual Results 3.Olbs of Direct Material 700,000lbs of direct materials were used in total. $6 per lb of direct materials $4.50 per lb of direct materials REQUIRED: Calculate the following variances: Question # B-1 DM Price Variance Question # B-2 DM Quantity Variance Question #B-3 DM Flexible Budget Variance Ensure that you label all variances as Favourable or unfavourable