PLEASE ANSWER

ABC Company manufactures a variety of circuitboards. The standard costs for one ofits products are as follows: Directmaterial 6.0 pounds @ 4.80 per pound Directlabor 2.2 hours 13.50 per hour Actual results for the vear are aiven below: Finished units 10.000 units Directlabor 435.000 hours @ 13.20 per hour Directmaterial purchased 1.116.000 pounds @ 5.10 per pound Directmaterial used 1.110.000 pounds Required: Calculate the following variances and state if they are favorable or unfavorable Directmaterial price variance (2.5 Marks ) Favorable /Unfavorable b) Directmaterial usage variance (2.5 Marks ) Favorable /Unfavorable c) Directlabor rate variance (2.5 Marks ) Favorable /Unfavorable d) Directlabor efficiency variance (2.5 Marks ) Favorable /Unfavorable