Please answer in table format

Hutto Corp, has set the following standard direct materials and direct labor costs per unit for the product it manufactures Direct materials (16 ibs. $5 Direct labor (3 hrs. $15 per hr.) 1b. $80 45 During May the company incurred the following actual costs to produce 8,800 units. Direct materials (144,300 lbs. $4.80 Direct labor(30,800 hrs$15.10 per hr. lb $692,640 465,080 Actual Quantity SQ Standard Quantity AP Actual Price SP Standard Price H- Actual Hours SH Standard Hours AR Actual Rate SR Standard Rate (1) Compute the direct materials price and quantity variances. (2) Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable Required1Required 2 Compute the direct materials price and quantity variances and classify it as favorable or unfavorable. Actual Cost Standard Cost 0 Required 2 Required Required 2 Compute the direct labor rate variance and the direct labor efficiency variance. Indicate whether each variance is favorable or unfavorable Actual Cost Standard Cost