Part 2 Constitution Company's standard and actual costs per unit for the most recent period are given below. 15.000 units were actually produced Standard Actual Materials: Standard: 5 feet at $2.00 per foot $10.00 Actuak 5.2 feet at $1.80 per foot $9.36 Direct Labor: Standard: 3.75 hours at $2.50 per hour 59.38 Actuat: 3.5 hours at $3.00 per hour $10.50 Required: From the foregoing information, compute the foliowing variances and indicate whether the variances are favorable or unfavorable Show all figures out to two decimal places. Use dollar signs for dollar figures 1. Materials price variance 2 points) 2. Materials quantity variance 2 points) 3. Direct laborate vonance (2 points) 4. Direct labor efficiency variance 2 points)