please follow format and show method

23-11 Hutto Corp. has set the following standard direct materials and direct labor costs er unit for the product it manufactures # Lbs/Hrs | r unit 15 Cost per | Sta Cost $60 $45 4Materials $4.00 5 Direct Labor $15.00 7During May the company incurred the following actual costs to produce 9,000 units Cost per Standard Total Lbs/Hrslb/Hr Cost 9 Materials 10 Direct Labor 138,000 31,000 3.75 $517,500 $468,100 $15.10 Compute the (1) direct materials price and quantity variances and (2) direct labor rate 12 ad efficiency variances. Indicate whether each variance is favorable or unfavorable Green Highlights require your input 14 15 16 17 Direct Material Price Variance 18 Actual Quanit 19 Standard Price 20 Actual Price 21 Price Variance (Fav 22 Direct Material 23 Standard Price 24 Standard Quanit 25 Actual Q 26 Direct Material 27 Total Material Variance Green hi ts you must input 1) direct materials price and quantity variances 138,000 $3.75 $517,500.00 y Variance Variance (fav +Ex 23-4 Ex 23-8 Ex 2311Ex 23-12Ex 23-13Ex 23-14 2L 29 30 31 32 Direct Labor Rate Variance Actual Quanity Standard Rate Actual Rato 33 Variance (Fav) 3 Direct Labor Qty Variance 35 Stndard Rate 36 Standard Quanity 37 Actual Qty 38 39 40 41 42 43 24 45 Direct Labor Qty Variance (fav) Total LaborVariance