Saved Maki, Inc. manufactures a product that has the following standard costs: Direct materials: 30 yards at $2.60 per yard Direct labor: 8 hours at $16.00 per hour Total $ 78 128 $206 The following information pertains to July: Direct material purchased: 35,900 yards at $2.79 per yard, or $100,161 Direct material used: 32,100 yards Direct labor: 7,900 hours at $16.3 per hour, or $128,770 Actual completed production: 1,180 units Use the information to compute the following variances: Required: Compute the following variances for the month of July. (Indicate the effect of eac "Unfavorable". Select "None" and enter "O" for no effect (i.e., zero variance).) 1. Direct-material price variance 2. Direct-material quantity variance 3. Direct-labor rate variance 4 Direct-labor efficiency variance