Help me solve this please

K Each unit of job Y703 has standard requirements of 2 pounds of raw material at a price of $87 per pound and 0.60 hours of direct labor at $17.50 per hour. To produce 7,500 units of this product, job Y703 actually required 10,000 pounds of the raw material costing $86 per pound. The job used a total of 4,000 direct labor hours costing a total of $70,000. Requirements (a) Determine the material price variance for job Y703. (b) Determine the material quantity variance for job Y703. (c) Assume that the materials used on this job were purchased from a new supplier. Would you recommend continuing with this new supplier? Why or why not? (d) Determine the direct labor rate variance for job Y703. (e) Determine the direct labor efficiency variance for job Y703. (Click the icon for information regarding the formula selections.) Requirement (a) Determine the material price variance for job Y703. Determine the formula, then compute the direct material price variance. (Label the variance as favorable (F) or unfavorable (U). If no variance exists enter a "0" and leave the label blank.) AP SP ) X AQ = Direct material price variance $ ) X 10,000 10,000 F 86 $ 87 = $ Requirement (b) Determine the material quantity variance for job Y703