Nancy's Draperies manufactures curtains. A certain window curtain requires the following: Direct materials standard 10 square yards at $5 per yard Direct manufacturing labor standard 5 hours at $10 per hour During the second quarter, the company made 1,500 curtains and used 14,000 square yards of fabric costing $72,000. Direct labor totaled 7,600 hours for $83,600. Required: (make sure to show your calculations for any possible partial credit) 1. Compute the direct materials price and efficiency variances for the quarter. 2. Computer the direct manufacturing labor price and efficiency variances for the quarter