The following describes production activities of Mercer Manufacturing for the year 19 A direct labore Metal with 1,00 ha 14.1 IN 3. her. 174.710 Budgeted standards for each unit produced or 0.50 pound of direct material at 54.85 per pound and 10 minutes of direct labore $21.20 per hour AR-Actual Hours SH - Standard Hours AR Actual Rate SR Standard Rate A Actual Quantity SO - Standard Quantity AP Actual Price SP- Standard Price in Compute the direct materials price and quantity ilances and classily each as favorable or unfavorabile indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places (2) Compute the direct isborrate and efficiency variances and clasach tovorate or unfavorable indicate the effect of each variance by selecting for favorable, unfavorable, and no variance) Complete this question by entering your answers in the tabs below Red Recured Compute the direct material price and quantity variances and classy each as favorable or unfavorable ( Drond warmediate Aital Cent The following describes production activities of Mercer Manufacturing for the year 19 A direct labore Metal with 1,00 ha 14.1 IN 3. her. 174.710 Budgeted standards for each unit produced or 0.50 pound of direct material at 54.85 per pound and 10 minutes of direct labore $21.20 per hour AR-Actual Hours SH - Standard Hours AR Actual Rate SR Standard Rate A Actual Quantity SO - Standard Quantity AP Actual Price SP- Standard Price in Compute the direct materials price and quantity ilances and classily each as favorable or unfavorabile indicate the effect of each variance by selecting for favorable, unfavorable, and no variance. Round "Cost per unit" answers to 2 decimal places (2) Compute the direct isborrate and efficiency variances and clasach tovorate or unfavorable indicate the effect of each variance by selecting for favorable, unfavorable, and no variance) Complete this question by entering your answers in the tabs below Red Recured Compute the direct material price and quantity variances and classy each as favorable or unfavorable ( Drond warmediate Aital Cent