During the current quarter, the company operated at 70 of capacity and produced 420,000 units of product; direct labor hours worked were 125,000 . Actual costs incurred during the current quarter follow: 1) Compute the direct materials price, quantity and total variances. For each variance, state whether favorable or unfavorable. 2) Compute the direct labor rate, efficiency and total variances. For each variance, state whether favorable or unfavorable. 3) Compute the total overhead variance and state whether it is favorable or unfavorable