Kowaleski Corporation makes a product with the following standard costs: Standard Quantity Standard Price or Hours or Rate 4.6 grams $ 7.00 per gram 0.4 hours $ Direct materials Direct labor 14.00 per hour Variable overhead 0.4 hours $2.00 per hour In June the company produced 5,100 units using 24,710 grams of the direct material and 2,550 direct labor-hours. During the month the company purchased 25,000 grams of the direct material at a price of $6.80 per gram. The actual direct labor rate was $14.60 per hour and the actual variable overhead rate was $1.90 per hour. The materials price variance is computed when materials are purchased. Variable overhead is applied on the basis of direct labor-hours. Required: Compute the following variances for raw materials and direct labor, assuming that the price variance for materials is recognized at point of purchase: (Input all amounts as positive values. Do not round intermediate calculations. Leave no cells blank - be certain to enter "O" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.) Direct materials quantity variance Direct materials price variance Direct labor efficiency variance Direct labor rate variance