Required information The followno intormanan applies to the questons displayed below\} Antuan Compativ seit the foliowing standerd costs per und for its product The standard overhead rate i 518.50 per direct labor hour) is based on a predicted activity level of 75% of the factory's level The company incurred the following actual costs when it operated at 75% of capacity in October 2. Compute the direct materiais variance, including its price and quantity variances, (Indicate the effect of each variance by selecting fovorable, unfavorable, or no variance.) 2. Compute the dhect mhaterials variance, including its price and quantify variances, (lndicate the effect of each varience by selecting favorable, unfnvorable, or no varience.)