Points: 0 of 1 Sesnie Company uses a standard cost system. Job 822 is for the manufacturing of 600 units of the product P521. The company's standards for one unit of product P521 are as follows: Price Quantity Direct material Direct labor 8 ounces 4 hours $ $ 5 per ounce 13 per hour The job required 5,500 ounces of raw material costing $30,250. An unfavorable labor rate variance of $1,185 and a favorable labor efficiency variance of $390 also were determined for this job. Requirements (a) Determine the direct material price variance for job 822 based on the actual quantity of materials used. (b) Determine the direct material quantity variance for job 822 based on the actual quantity of materials used. (c) Determine the actual quantity of direct labor hours used on job 822. (d) Determine the actual labor costs incurred for job 822. (Click the icon for information regarding the formula selections.) Requirement (a) Determine the direct material price variance for job 822 based on the actual quantity of materials used. Determine the formula, then compute the direct material price variance. (Round dollar amounts to the nearest cent. Label the variance as favorable (F) or unfavorable (U).) )x )x Direct material price variance s of r AH Actual number of direct labor hours and a AP Actual price per unit of materials AQ Actual quantity of materials used The di comp AR Actual wage rate SH = Number of direct labor hours allowed given the level of output achieved SP B Estimated or standard price per unit of materials SQ Standard quantity of materials allowed for the production level achieved SR Standard wage rate Print Done ect labor hours u curred for job 822 arding the formull e as favorable (F)