During June, Danby Company's material purchases amounted to 6,000 pounds at a price of $7.30 per pound. Actual costs incurred in the production of 2,000 units were as follows: Direct labor: Direct material: $116,745 ($18.10 per hour) $ 30,660 ($7.30 per pound) The standards for one unit of Danby Company's product are as follows: Direct Labor: Direct Material: Quantity, 3 hours per unit Quantity, 2 pounds per unit Price, $7 per pound Rate, $18 per hour Required: Compute the direct-material price and quantity variances, the direct-material purchase price variance, and the direct-labor rate and efficiency variances. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "O" for no effect (l.e., zero variance).) Answer is complete but not entirely correct. Direct-material price variance Direct-material quantity variance Direct-material purchase price variance Direct-labor rate variance $ EA EA 69 1,800 Unfavorable 1,400 Unfavorable 1,260 Unfavorable 645 Unfavorable