The budgeted and atual data for direct materials and labor are as follows: DM price DM quantity per unit DL price DL quantity per unit Budgeted $1 per pound 6 pounds per unit $8 per hour 0.4 hours per unit Actual $0.75 per pound 7 pounds per unit $11 per hour 0.5 hours per unit Actual sales volume is 100 units. Budgeted sales volume is 80 units. a) Without computations, characterize the following variances as favorable or unfavorable input price variance for DM F Ou input efficiency variance for DM OF OU input price variance for DL OF u input efficiency variance for DL OF OU b) Compute the input price and input efficiency variances for DM and DL. As a preliminary step, compute actual input quantity (total pounds or hours we actually used) and flexible budget input quantity (total pounds or hours we should have used for actual output): actual input quantity for DM flexible budget input quantity for DM actual input quantity for DL- flexible budget input quantity for DL pounds pounds hours hours Next, compute the variances. Enter favorable variances as a positive number and unfavorable variances as a negative number. Do NOT enter F or U input price variance for DM$ input efficiency variance for DM input price variance for DLS input efficiency variance for DL