The Moore Company produces and sells a for the product follows: Single product. A standard cost card for materials and labor for the product follows: The company manufactured and sold 18,000 units of the product during the year, a total of 70, 200 yards of material was purchased during the year at a cost of $4.20 per yard. All of this material was used to manufacture the 18,000 units. The company records show no beginning or ending inventories for the year. The company worked 29, 250 direct labor hours during the year at a cost of $9.75 per hour. Compute the following variances and indicate if they are favorable (F) or unfavorable (U) Direct materials price variance Direct materials quantity variance Direct labor rate variance Direct labor efficiency variance