Ejercicio $3$: An$$lisis de varianzasNancy's Draperies manufactures curtains. A certain window curtain requires thefollowing:Direct materials standard $10$ square yards at $$5$ per yardDirect manufacturing labor standard $5$ hours at $$10$

During the second quarter, the company made $1,500$ curtains and used $14,000$ squareyards of fabric costing $$72,000.$ Direct labor totaled $7,600$ hours for $$83,600.$Required:a$.$ Compute the direct materials price and efficiency variances for the quarter.b$.$ Compute the direct manufacturing labor price and efficiency variances for thequarter