Provided Information: Actual costs incurred in the production of 18,000 units were: Direct labor Direct material $ 228,150 $ 263,250 ($7.8 per hour) ($3.75 per yard) Actual Quantity Thours yards Standard Actual Direct labor standards: Quantity Direct material standards: Quantity 4.0 yards Price $ 3.50 per yard 150 hours per unit 8.00 per hour Total Cost Direct material Direct labor $ A. Compute the following variances and indicate whether each variance is favorable or unfavorable: Difference Direct material price variance: 80 APSP Variance calculations AQIAP-SP) AQ'AP-AQ-SP Direct material quantity variance: SP(AQ-SQ) 1118 Direct labor rate variance: AHAR-SR) SR IN OM SRAH Direct labor efficienci variance: SRIAH-SHI SH