Please fill in c. Direct material purchase price variance!

The control valve has the following standard prime costs: Direct material 3 lb. at $2.50 per lb. Direct labor 5 hr. at $15.00 per hr. Standard prime cost per unit $ 7.50 75.00 $82.50 Required: 1. Prepare a schedule of standard production costs for January, based on actual production of 7,800 units. 2. For the month of January, compute the following variances. Complete this question by entering your answers in the tabs below. Required 1 Required 2 For the month of January, compute the following variances. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "O" for no effect (i.e., zero variance).) $ 2,310 Unfavorable 750 Favorable $ a. Direct-material price variance b. Direct-material quantity variance C. Direct-material purchase price variance d. Direct-labor rate variance e. Direct-labor efficiency variance $ 16,040 Favorable 16,500 Unfavorable $