The direct materials and direct labour standards for one bottle of Clean.All spray cleaner are given below: Direct materiale Direct Labour standard Quantity or toura 7.0 litres 0.3 hour Standard Price or Rate 5.0.29 per millilitro $12.00 per hour Standard Cont 92.00 3.60 During the most recent month, the following activity was recorded 3, 27,500 mililitres of material was purchased at a cost of $0 24 per mililitre b. All of the material was used to produce 3,000 bottles of Clean All C.650 hours of direct lobour time was recorded at a total labour cost of $7,800 Required: 1. Compute the direct materials price and quantity variances for the month. Indicate the effect of each variance by selecting "phy for favourable, "U" for unfavourable, and "None" for no effect is zero varianco)) Materials and Materiais quantity Rite 2. Compute the direct labour rate ond efficiency variances for the month (Indicate the effect of each varlance by selecting "F" for favourable. "U" for unfavourable, and "None" for no effect (... zero variance).) Labourate variance Labout hiciency variance