Smith Corporation makes a product with the following standard costs: Standard Quantity Standard Price or Rate or Hours Direct materials 4.1 grams $6.00 per gram 13.00 Direct labor 0.5 Variable overhead hours $ per hour 0.5 hours $3.00 per hour In June the company produced 4,600 units using 20,110 grams of the direct material and 2,500 direct labor-hours. During the month the company purchased 24,500 grams of the direct material at a price of $5.80 per gram. The actual direct labor rate was $13.60 per hour and the actual variable overhead rate was $2.90 per hour. The materials price variance is computed when materials are purchased. Variable overhead is applied on the basis of direct labor-hours. Compute the following variances for raw materials, direct labor, and variable overhead, assuming that the price variance for materials is recognized at point of purchase: 1. DM quantity variance = 2. DM price variance = 3. DL efficiency variance = 4. DL rate variance = 5. Variable OH efficiency variance = 6. Variable OH rate variance = Important!! Enter your answers without dollar signs ($) and without commas (,) and use capital U or F: unfavorable = U favorable = F Example: 10000 U 5000 F