per pound. During the week, 2.300 direct labor hours were incured hi the plant at a rate of $12.30 per hour. The standard proe per pound of potatbes is 93.95, and the standara drect labor ruha is \$12.00 per hour. Standards indicato that for the number of bags of frozan tries produced, the factory thould have used 93,000 pounds of potailoes and 2.100 hoirs of dinet iabor. Read the coguinements Requirement 1. Detegrine the direct material price and quantity variances. Be sure to label each variance as favorable or unfavorable. (Enter tha variances as podilie mumbers. Enier sumency The Evan Restaurant Group manufactures the bags of frozen French fries used at its franchised restaurante. Last week, Evan's purchased and us per pound. During the week, 2,300 direct labor hours were incurred in the plant at a rate of $12.30 per hour. The standard price per poind of potat $12.00 per hour. Standards indicate that for the number of bags of frozen fries produced, the factory should have used 93,000 pounds of potatoes Read the tequirements- Requirement 1. Deterr amounts to the nearest Requirements Begin by determining tr Actual quantity purc 1. Determine the direct material price and quantity variances. Be sure to label each variance as favorable or unfavorable. 2. Think of a plauslble explanation for the variances found in Requirement 1. 3. Determine the direct labor rate and efficiency variances. Be sure to label each variance as favorable or unfavorabie. 4. Could the explanation for the Labor variances be tied to the material variances? Explain