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The budgeted and actual data for direct materials and labor are as follows: Budgeted $3 per pound Actual DM price DM quantity per unit5pounds per DL price DL quantity per unit0.2 hours per unit Actual sales volume is 100 units. Budgeted sales volume is 80 units $2.75 per pound unit 6 pounds per unit $10 per hour $13 per hour 0.3 hours per unit a) Without computations, characterize the following variances as favorable or unfavorable: input price variance for DM F OU input efficiency variance for DM OFU input price variance for DL FU input efficiency variance for DL OF U b) Compute the input price and input efficiency variances for DM and DL As a preliminary step, compute actual input quantity (total pounds or hours we actually used) and flexible budget input quantity (total pounds or hours we should have used for actual output): actual input quantity for DM- flexible budget input quantity for DM actual input quantity for DL - flexible budget input quantity for DL- pounds pounds hours hours Next, compute the variances. Enter favorable variances as a positive number and unfavorable variances as a negative number. Do NOT enter F or U input price variance for DM- $ input efficiency variance for DM-$ input price variance for DL- $ input efficiency variance for DL-S