Sonne Company produces a perfume called Whim. The direct materials and direct labor standards for one bottle of Whim are given below:

Chapter BHW Question 2 (of 2) 5.00 points Sonne Company produces a perfume called Whim. The direct materials and direct labor standards for one bottle of Whim are given below. Standard Quantity Standard Price Standard or Hours or Rate Cost Direct materials 7 ounces $2.70 per ounce $18.90 Direct labor 0.4 hours $9.70 per hour S 388 During the most recent month, the following activity was recorded a 22.200 ounces of material were purchased at a cost of $2.50 per ounce b The company produced only 2.400 bottles using 18,200 cunces of material The rest of the material purchased remained in raw materials inventory) c. 1,090 hours of direct labor time were recorded at a total labor cost of $12.753. Required Compute the direct material price and quantity variances for the month (nput all amounts as positive values. Leave no cells blank be certain to enter "0" wherever required. Indicate the ettect of each variance by selecting "F" for favorable, "U for unfavorable, and "None" for no effect e zero variance).) Direct materials price variance Direct materials quantay variance References eBook R Resources Difficulty: Medium Worksheet Learning objective: 08-04 Compute the direct materias quantity and price variances and explain their significance Instructions help Save & Exit Submit 1210 PM