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During June. Danby Company's material purchases amounted to 6,900 pounds at a price of$7.70 per pound. Actual costs incurred in the production of 1,500 units were as follows: Direct labor: $120,520 {$13.40 per hour] Direct material: 3 35,420 (3?.70 per pound] The standards for one unit of Danby Company's product are as follows: Direct Labor: Direct Material: Quantity, 4 hours per unit Quantity, 3 pounds per unit Rate, $19.30 per hour Price, 3?.40 per pound Required: Compute the direct-material price and quantity variances, the direct-material purchase price variance, and the direct-labor rate and efficiency variances. {Indicate the effect of each variance by selecting "Favorable" or \"Unfavorable\". Select "None\" and enter \"0" for no effect {l.e., zero varience}.} Direct-material price variance Directmaterial quantity variance Directmaterial purchase price variance Directlabor rate varianoe Directlabor efciency variance