Please give the equations of how you got the numbers

7 Problem 5- (20 Points) 10 Yankees LLC which produces widgets, has provided the following actual and standard cost data: Standard Actual 13 Direct Material pounds 350,000 375,000 14 Direct Material cost per pound 3.15 3.00 15 Direct Labor - No. of hours worked 85,000 90,000 16 Direct Labor - Rate per hour 6.00 720 17 Overhead $ 275,000 $ 150,000 18 19 20 Instructions 21 Compute the following variances showing all computations to support your answers. Indicate whether the variances are favorable (F) or unfavorable(U) Favorable or Unfavorable 23 Standard Actual Variance 24 (a) Direct Materials Price Variance 25 (b) Direct Materials Quantity Variance 26 (c) Direct Labor Rate Variance 27 (d) Direct Labor Efficiency Variance 28 (e) Overhead Variance