[The following informotion opplies to the questions disployed below.] Antusn Company set the following standard costs per unit for its product. The standord overhead rate ( $18.50 per direct labor hour) is bosed on a predicted activity level of 75% of the factory's capacity of 20,000 units per month. Following ore the compony's budgeted overheod costs per month at the 75% copscity level. The company incurred the following octus costs when it operoted ot 75% of capocity in October. 2 Compute the direct materials variance, including its price and quantity voriances. (Indicate the effect of each varlance by selecting favorable, unfavorable, or no varlance.) 3. Compute the direct labor voriance, including its rate and efficiency variances. (Indicate the effect of each varlance by selectling favorable, unfavorable, or no varlance. Round "Rate per hour" answers to two declmal places.)