E10.23 Straightforward calculation of variances; variance diagrams: manufacturer During June, Andrew Ltd's material purchases amounted to 6500 kilograms at a price of $7.40 per kg: Actual costs incurred in the production of 2000 units were as follows: Direct labour Direct material The standards for one unit of Henderson's product are as follows: $118035 31 820 ($18.30 par hour) ($7.40 per kilogram) 8 20 eco 5 Direct labour Direct material Quantity: 2 kilograms per urit SM24 Quantity: 3 hours per unit Rate: $18 por hour Required: 1 Calculate the direct material price and quantity variances and the direct labour rate and efficiency Price: $7.20 por kilogram variances. Indicate whether each variance is favourable or unfavourable