Question 1: (40 points) During June, Health Foods manufactures a single product. The Company's material purchases amounted to 4,500 pounds at a price of $9.60 per pound. Actual costs incurred in the actual output production of 1,650 units were as follows: Direct labor: Direct material: $156,000 ($24.00 per hour) $33,600 ($9.60 per pound) The standards for one unit of Health Foods Company's product are as follows: Direct labor: Direct material: Quantity, 4 hours per unit Quantity, 2 pounds per unit Rate, $22.50 per hour Price, $9.10 per pound Required: Compute the following variances and indicate whether each variance is favorable or unfavorable: A. Direct-material price variance. (8 points) B. Direct-material quantity variance. (8 points) C. Direct-material purchase price variance. (8 points) D. Direct-labor rate variance. (8 points) E. Direct-labor efficiency variance. (8 points)