EXERCISE #5-Direct Material Price Variance extex Corporation has the following data related to the direct costs of materials for November: actual costs of 5,445 pounds of material, $4.35; and standard costs for 4,800 pounds of material to $5.24 per pound. INSTRUCTIONS: Determine the direct material price variance Indicate whether each variance is favorable or unfavorable EXERCISE #6-Direct Labor Time Variance maranthus Corporation has the following data related to direct labor costs for September: actual costs of 10,200 hours to $15.75 per hour and standard costs are 10.800 hours to S15.50 per hour. Instructions: Determine the Direct Labor Time Variance Indicate whether each variance is favorable or unfavorable