Deutrich, Inc. is a privately held lumbare manufacturer For August 2020, Dautrich had the following standards for one of its products, a wicker chair (Click the icon to view the standards per chair.) The following data were compiled regarding schuw performance actual output units (hors) produced, 2,706, gure yards of input purchased and used, 7,700 price per que yord, 35-20, direct manufacturing labor costs, 510,682, actual hours of input, 900, labor price per hour $10.80 Requirement 1: Compute the price and efficiency variances for direct materials and direct manufacturing labor Label och variance as favorable (F) or unfavorable (U) Price Emiciency variances variance Direct materials Direct manufacturing labor Requirement 2. Suppose 10.200 square yards of materials were purchased at $20 per square yard), even though only 7.700 square yards were used. Suppose further that vero identified at the most imely control point serinly. direct materias prie variances are isolated and traced at the time of purchase to the purchasing department rather than to the production department Compute the direct materiale price and we are under this scenario Labelschlace asteverer une Price Micheney variante Director Data Table Diret materiale Direct mandaling labor Standards per Chan 3 squareyards of input 500 per square yard 0.5 hour out at $100 per hour Print Done