Sonne Company produces a perfume called Whim. The direct materials and direct labor standards for one bottle of Whim are given below: During the most recent month, the following activity was recorded: a. Twenty thousand ounces of material were purchased at a cost of $2, 40 per ounce. b. All of the material was used to produce 2, 500 bottles of Whim. c. Nine hundred hours of direct labor time were recorded at a total labor cost of $10, 800. Required: Compute the direct materials price and quantity variances for the month. Compute the direct labor rate and efficiency variances for the month