During April, Dryden Company's material purchases amounted to 7,900 pounds at a price of $8.10 per pound. Actual costs incurred in the production of 1,700 units were as follows $132,890 ($19.40 per hour) Direct labor Direct material 44,550 ($8.10 per pound) The standards for one unit of Dryden Company's product are as follows: Direct Labor. Quantity, 4 hours per unit Rate, $19.30 per hour Direct Material Quantity. 3 pounds per unit Price, $7.80 per pound Required: Compute the direct-material price and quantity variances, the direct-material purchase price variance, and the direct-labor rate and efficiency variances. Indicate whether each variance is favorable or unfavorable nd (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" a enter "O" for no effect (i.e., zero variance).) Direct-material price variance Direct-material quantity variance Direct-material purchase price variance Direct-labor rate variance Direct-labor efficiency variance 2.370n: 685 Unfavorable 965 Unfavorable References eBook& Resources Fxarcise Type here to search