Question 34 (2.5 points) Dana, Inc. recently uses standard costing system. During the last period, the company completed 56,000 units of a product that was expected to consume 4 pounds of direct material per finished unit. The standard price of the direct materia was $8.50 per pound. During the mod, the firm purchased and consumed 228,0 pounds in manufacturing for a tour 3 1,881,000. Calculate the DM price variance and DM quantity variance, respectively. $57,000 F and $34,000 U $57,000 F and $34,000 F Question 34 (2.5 points) Dana, Inc. recently uses standard costing system. During the last period, the company completed 56,000 units of a product that was expected to consume 4 pounds of direct material per finished unit. The standard price of the direct materia was $8.50 per pound. During the mod, the firm purchased and consumed 228,0 pounds in manufacturing for a tour 3 1,881,000. Calculate the DM price variance and DM quantity variance, respectively. $57,000 F and $34,000 U $57,000 F and $34,000 F