Direct material standard: 4 square feet at $2.80 per square foot Direct material purchased: 34, 000 square feet at $3.20 per square foot Direct material consumed: 32, 900 square feet Manufacturing activity: 8, 100 units completed Assume that the company computes variances at the earliest point in time. The direct-material quantity variance is: $1, 600F. $1, 400U. $1, 600U. $3, 450F. $1, 400F. The direct-material price variance is: $13, 800U. $13, 600U. $13, 400U. $13, 800F. $13, 600F