Orion Corporation has established the following standards for the prime costs of one unit of its chief product, dartboards. Standard cost Direct material Direet labor Total Standard Quantity 5.00 pounds 0.20 hour Standard Price or Rate $1.00 per pound $5.00 per hour During June. Orion purchased 195,000 pounds of direct material at a total cost of $214,500. The total wages for June were $40,404 75 percent of which were for direct labor. Orion manufactured 37,000 dartboards during June, using 177,600 pounds of the direct material purchased in June and 7770 direct labor hours Required: Compute the following variances for June (Do not round Intermediate calculations. Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter"0" for no effect (.e., zero variance).) 1. Direct material price variance 2. Direct material quantity variance 3. Direct material purchase price variance 4. Direct labor rate variance 5. Direct labor efficiency variance