Read the requirements. answers to the nearest whole dollar. Label the variances as favorable $($F$)$ or unfavorabie $($U$).$ Abbreviations used DM $=$ Direct materials, $DL=$Direct labor$)$ quantity of materials used.$)$

Requirements

Compute the price and quantity variances for direct materials. Compute the rate and efficiency variances for direct labor

Does the pattern of variances suggest that the company's managers have been making trade$-$offs? Explain.