During June, Danby Company's material purchases amounted to 8,000 pounds at a price of $7.50 per pound. Actual costs incurred in the production of 2,100 units were as follows: Direct labor! $135,525 ($19.50 per hour) Direct material: $ 33,000 ($7.50 per pound) The standards for one unit of Danby Company's product are as follows: Direct Labor1 Quantity, 3 hours per unit Rate, $19.40 per hour Required: Direct Materiali Quantity, 2 pounds per unit Price, $7.20 per pound 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 "0" for no effect (ie., zero variance).) Direct-material price variance Direct-material quantity variance Direct-material purchase price variance Direct-labor rate variance Direct-labor efficiency variance