Maki, Inc. manufactures a product that has the following standard costs:

Direct materials: 30 yards at $2.70 per yard		$	81
Direct labor: 7 hours at $20.00 per hour			140
Total		$	221

The following information pertains to July: Direct material purchased: 34,400 yards at $2.79 per yard, or $95,976 Direct material used: 30,300 yards Direct labor: 7,000 hours at $20.6 per hour, or $144,200 Actual completed production: 1,130 units Use the information to compute the following variances: Required: Compute the following variances for the month of July. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance).)

1.Direct-material price variance

2.Direct-material quantity variance

3.Direct-labor rate variance

4Direct-labor efficiency variance