Gandolph Game Company has established the following standards for the prime costs of chief product, dartboards. Problem 10-34 Direct-Material and Direct-Labor Variances (LO 10-1, 10-3) 2. Direct-material quantity variance: $7,600 Favorable one unit of Standard Price or Rate $1.90 per klogam $8.00 per hour Standard Quantity Standard Cost $15.20 1.60 $16.80 8 kilograms 2 hour Direct material Direct labor. Total During September, Gandolph purchased 30,000 kilograms of direct material at a total cos d S60,000. The total wages for September were $8,000, 90 percent of which were for direct labo Ce dolph manufactured 4,000 dartboards during September, using 28,000 kilograms of the direct matenial purchased in September and 1,000 direct-labor hours. Required: Compute the following variances for September, and indicate whether each is favorable r unfavorable. Compute the following variances for September, and indicate whether ceach isfave 1. The direct-material price variance 2 The direct-material quantity variance. 3. Direct-material purchase price variance. 4. The direct-labor rate variance 5. The direct-labor efficiency variance. CMA, adapted)