du late and interpret direct material and dire and direct labor variances E11-224 Calculate and in (Learning Objectives 2 & 3) The Windam Restaurant its franchised restaurants. Last we bags of frozen French fries used at Hand used 98,000 pounds of direct labor hours were and price per pound of po- potatoes at a price of $0.85 per pound D incurred in the plant at a rate of $12.45 per cate is $12.15 per hour. Standards indicate cies produced, the factory should have used am Restaurant Group manufactures the bags of froz urants. Last week, Windam purchased and used 98 85 per pound. During the week, 2,100 direct labor rate of $12.45 per hour. The standard price per poune os is $1.00, and the standard direct labor rate is $12.15 na that for the number of bags of frozen fries produced, the far 05.000 pounds of potatoes and 2,000 hours of direct labor. Requirements Determine the direct material price and quantity variances. Be sure to label each vari ance as favorable or unfavorable. 2. Think of a plausible explanation for the variances found in Requirement 1. 3. Determine the direct labor rate and efficiency variances. Be sure to label each vari- ance as favorable or unfavorable. could the explanation for the labor variances be tied to the material variances! Explain