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Complete the following partial flexible budget performance report, and indicate whether each vafiance is favorable or unfavorable The company budgets a selling price of $80 per unit and variable costs of $36 per unit. (Indicate the effect of each variance by selecting fovorable, unfavorable, or no variance.) Camila Company has set the following standard cost per unit for direct materials and direct labor. Directmaterials(16poundse$5perpound)Directlabor(3hours$14perhour)$8042 Direct naterials (141,700 pounds \& $4.78 per pound) Direct labor (29,200 hours \& $14.15 per hour ) AR= Actual Rate SR= Standard Rate AQ= Actual Quantity SQ= Standard Quantity AP= Actual Price SP=StandardPrice (1) Compute the direct materials price and quantity variances: (2) Compute the direct labor rate variance and the direct labor efficiency variance. Complete this question by entering your answers in the tabs below. (1) Compute the direct matesials price and quantity varkancess (2) Compute the drect labor rate variance and the direct labor efficiency variance Complete this question by entering your answers in the tabs below. Se= Standard Price (7) Comanwie the drect matertals price and quantify vatiances (2) Compute the direct iobor rate voriances and the direct tabor efficiency variance. Complete this question by entering your answers in the tabs below