Saskatewan 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 controllec. Actual material purchases amounted to 240,000 kilograms at $0.81 per kilogram. Actual costs incurred in the production of 50,000 units were as follows: 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 unfoverable. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter " O " for no effect (Le, xero variance)