Direct materials Direct labor Standards per car 4 tires/car @ $60 per tire (There is no spare tire.) 5 hour of input at $30 per hour Actual performance for February 2020 Actual number of cars manufacture 120,000 Material purchased 500,000 tires at $59.50 per tire on Feb. 1 Material used 482,000 tires (some were damaged during installation, and had to be replaced) for the month ended Feb. 28 (All tires used are recorded at end of month.) Direct labor 58,000 hours @31.10 per hour For each variance, be sure to indicate favorable (F), or unfavorable (U). The Material price variance is $ The Material efficiency variance is $ The Labor rate (price) variance is $_ The Labor efficiency variance is $ Give the journal entries for all materials and labor transactions, including variances. Be sure to use proper form, including dates