Question 2: (25 points) During April, Dryden Company's material purchases amounted to 6,500 pounds at a price of $14.8 per pound. Actual costs incurred in the production of 2,000 units were as follows: Direct labor: Direct material: $236,070 ($36.60 per hour) $63,640 ($14.8 per pound) The standards for one unit of Dryden Company's product are as follows: Direct labor: Direct material: Quantity, 3 hours per unit Quantity, 2 pounds per unit Rate, $36.00 per hour Price, $14.4 per pound Required: Compute the following variances and indicate whether each variance is favorable or unfavorable: A. Direct-material price variance. (5 points) B. Direct-material quantity variance. (5 points) C. Direct-material purchase price variance. (5 points) D. Direct-labor rate variance. (5 points) E. Direct-labor efficiency variance. (5 points)