Ellington Pte Ltd. makes a product with the following standard costs: Inputs: Unit of Input Units per item Price or rate Direct Materials: gallons 189 $77/gallon Direct Labor: direct labor hours 25 $25/direct labor hour Variable Overhead: direct labor hours $24/direct labor hour The company reported the following results concerning this product in January. Actual output: 369 items Raw Materials used: 65,106 gallons Raw Material purchased: 63,333 gallons Actual direct labor hours: 10,332 hours Actual cost of raw materials purchased: $4,686,642 Actual direct labor cost: $247,968 Actual variable overhead cost: $258,300 Ellington applies variable overhead on the basis of direct labor hours. The direct material purchases variance is computed when the materials are purchased. What are the following variances? Be sure to note if they are favorable or unfavorable. Part 1: Direct Material quantity variance: Answer 1 Question 21 Part 2: Direct Labor efficiency variance: $Answer 2 Question 21 Answer 3 Question 21 Part 3: Direct Labor rate variance: Answer 4 Question 21 Part 4: Direct Material price variance: $Answer 5 Question 21 Answer 6 Question 21