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Blue Dingo uses a standard costing system. The company's standard costs and variances for direct materials, direct labor, and factory overhead for the month of May are as follows. Standard Cost $ 89,000 Variances Untavorable favorable $ 4,400 $3,000 Direct materials Price variance Quantity variance Direct labor Rate variance Efficiency variance Manufacturing overhead Spending variance Volume variance 171,000 2,700 6,200 258,000 3,700 5,000 Determine the actual costs incurred during the month of May for direct materials, direct labor, and manufacturing overhead. Actual Costs Incurred Direct materials Direct labor Manufacturing overhead Nolan Mills uses a standard cost system. During May, Nolan manufactured 15,000 pillowcases, using 27100 yards of fabric costing $3.05 per yard and incurring direct labor costs of $16,902 for 3,130 hours of direct labor. The standard cost per pillowcase assumes 1.75 yards of fabric at $3.10 per yard, and 0.20 hours of direct labor at $5.95 per hour. a. Compute both the price variance and quantity variance relating to direct materials used in the manufacture of pillowcases in May. b. Compute both the rate variance and efficiency variance for direct labor costs incurred in manufacturing pillowcases in May. (For all requirements, Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None' and enter "0" for no effect (i.e, zero variance). Do not round your intermediate values. Round your answers to 2 decimal places.) a Materials price variance Materials quantity variance b. Labor rate variance Labor efficiency variance Favorable Unfavorable Favorable Unfavorable