direct material QTY variance (standard QTY-actual QTY' standard price -(3250 3.7-12000;2.85 71.25 Path: Words QUESTION 7 Standards and Variance Analysis. Retro Wear manufactures dresses in a small facility in Canton, New York. Information about the production work is as follows: Standard wage per hour $11.90 Standard labor time per dress 12 minutes Standard number of yards of fabric per dress 3.7 yards Standard price per yard of fabric $2.85 Actual price per yard of fabric $2.75 Actual yards of fabric used this week 12,000 yards Number of dresses made this week 3.250 Actual wage per hour $11.00 Actual hours worked this week 690 hours Required Determine: A the total DIRECT LABOR cost variance, the DL rate variance, and the time variance. Make sure to indicate Favorable or Unfavorable along with your variance amount in your answer. For credit your work must be shown TTT Ariel ( T. - Click Save and submit to move and submit. Click Save All An t onow all answers Save Al