Ehrlich, Inc, manufactures a product that has the following standard costs: Direct materials: 40 yards at $2.70 per yard $108 Direct labor: 8 hours at $18,00 per hour 144 Total $252 The following information pertains to July: Direct material purchased: 36,000 yards at $100,440 Direct material used: 36,000 yards Direct labor: 7,500 hours at $139,500 Actual completed production: 1,025 units. Required: Calculate the direct-material price and quantity variances, and the direct-labor rate and efficiency variances. Indicate whether each variance is favorable or unfavorable. HTML Editor BIVA A-I EX XEE 11 12pt D Paragraph MacBook Air 80 090 DOO go Fa 75 DW FB F7 $ * % 5 4 & 7 6 CO 8