During September, Sweet Foods manufactures a single product. The Companys material purchases amounted to 9,000 pounds at a price of $9.80 per pound. Actual costs incurred in the actual output production of 3,300 units were as follows: Direct material: $67,200 ($9.60 per pound) Direct labor: $312,000 ($24.00 per hour) The standards for one unit of Sweet Foods Company's product are as follows: Direct material: Direct labor: Quantity, 2.1 pounds per unit Quantity, 4 hours per unit Price, $9.20 per pound Rate, $100 per unit Required: Showing your calculations, Compute the following variances and indicate whether each variance is favorable or unfavorable: I Requirements & Calculations W Direct-material price variance. Direct-material quantity variance. Direct-labor rate variance. n Direct-labor efciency variance. _