Problem 10-39 Direct-Material and Direct-Labor Variances (LO 10-1, 10-3) Orion Corporation has established the following standards for the prime costs of one unit of its chief product, dartboards. During June, Orion purchased 425,000 pounds of direct material at a total cost of $935,000. The total wages for June were $226,368. 75 percent of which were for direct labot. Orion manufactured 27,000 dartboards during June, using 394,200 pounds of the direct materlal purchased in June and 35,370 direct-labor hours. Required: Compute the following variances for June. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter " 0 " for no effect (i.e., zero variance).) Problem 10-39 Direct-Material and Direct-Labor Variances (LO 10-1, 10-3) Orion Corporation has established the following standards for the prime costs of one unit of its chief product, dartboards. During June, Orion purchased 425,000 pounds of direct material at a total cost of $935,000. The total wages for June were $226,368. 75 percent of which were for direct labot. Orion manufactured 27,000 dartboards during June, using 394,200 pounds of the direct materlal purchased in June and 35,370 direct-labor hours. Required: Compute the following variances for June. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter " 0 " for no effect (i.e., zero variance).)