PLEASE I WILL GIVE THUMBS UP

mim the bags of frozen French fries used at its franchised restaurants. Last week, Donovan's purchased and used 97,000 pounds ar hour. The standard price per pound of potatoes is $1.00, and the standard direct labor rate is $12.05 per hour. Standards in of direct labor. price and quantity variances. Be sure to label each variance as favorable or unfavorable. (Enter the variances as positive nun F) or unfavorable (U). Abbreviations used: DM = Direct materials.) variance, then compute the price variance for direct materials. Requirements 1. Determine the direct material price and quantity variances. Be sure to label each variance as favorable or unfavorable. 2. Think of a plausible explanation for the variances found in Requirement 1. 3. Determine the direct labor rate and efficiency variances. Be sure to label each variance as favorable or unfavorable. 4. Could the explanation for the labor variances be tied to the material variances? Explain