The company where Edward works produces skateboards locally but sells them globally for $60 each. Edward is one of the production managers in a meeting to discuss preliminary results from the year just ended. Here is the information they had in front of them: Actual results: - Quantity of wood purchased, 226,000 feet; quantity of wood used, 220,000 feet. - Quantity of wheels purchased, 345,400 wheels; quantity of wheels used, 322,400 wheels. - Actual cost of the wood, $5.30 per foot. - Actual cost of the wheels, $0.60 per wheel. - Quantity of DL hours used, 22,400 hours; actual cost of DL hours, $17.60 per hour. - Actual units produced, 80,000 skateboards. Complete a variance analysis for DM (both wood and wheels) and DL, determining the price and efficiency variances for each; be sure to specify the amount and sign of each variance