Required:

Use the variance formulas to compute the direct$-$material price and quantity variances, the direct$-$material

purchase price variance, and the direct$-$labor rate and efficiency variances. Indicate whether each variance is

favorable or unfavorable.

Note: Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter $"0"$

for no effect $($i$.$e$.,$ zero variance$).$