Saskatchewan Can Company manufactures recyclable soft-drink cans. A unit of production is a case of 12 dozen cans. The following standards have been set by the production-engineering staff and the controller. Direct Labor: Quantity, 0.26 hour Rate, $13.00 per hour Direct Material: Quantity, 5 kilograms Price, $0.62 per kilogram Actual material purchases amounted to 243,600 kilograms at $0.65 per kilogram. Actual costs incurred in the production of 42,000 units were as follows: Direct labor: $160,776 for 12,180 hours Direct material: $141,960 for 218,400 kilograms EX 10-22 (Algo) Part 1: Use the variance formulas to compute the direct-material price and quantity variances... Required: 1. 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 "O" for no effect (i.e., zero variance). Direct-material price variance $ 1,260 Unfavorable Direct-material quantity variance Unfavorable Direct-material purchase price variance Unfavorable Direct-labor rate variance Direct-labor efficiency variance Unfavorable Unfavorable