Orville Company's standard and actual costs per unit are provided below for the most recent period. During this time period 625 units were actually produced. Standard Actual Materials Standard: 23 metres a $2..perm 552 Actual: 2.1 metres a $2.00 55.45 Direct labour Sundard: 14 hrs $8.10 h 114 Actual: 17 les 58.5 perhe Variable overhead Standard: 1451.50 per hr 6.2 Actual: 1.7.54.20 per hr Total unit.com $22.88 $27,05 For simplicity, assume there was no inventory of materials at the beginning or end of the period. Required: Given the information above, compute the following variances. Also indicate if the variances are favorable or unfavorable s. Materials price variance (2 marks) 6. Materials quantity variance (2 marks) (2 7. Direct labour rate variance marks)