Refer to the data in the preceding exercise. Use diagrams similar to those in Exhibits 10-2.103. and 10-4 to determine the direct-material and direct-labor variances. Indicate whether each variance is favorable or unfavorable. Refer to the data in the preceding exercise. Use diagrams similar to those in Exhibits 10-2.103. and 10-4 to determine the direct-material and direct-labor variances. Indicate whether each variance is favorable or unfavorable