Direct Material pounds Direct Material cost per pound Direct Labor - No. of hours worked Direct Labor-Rate per hour Overhead Standard 224,000 2.75 93,000 6.92 $ 360,000 Aca 126,000 3.00 91,000 8.20 372,000 $ Instructions Compute the following variances showing all computations to support your answers. Indicate whether the variances are favorable (F) or unfavorable Standard Favorable or Unfavorable Actual Variance 4 (a) Direct Materials Price Variance 25 (b) Direct Materials Quantity Variance 26 (c) Direct Labor Rate Variance 27 (d) Direct Labor Efficiency Variance 28 (e) Overhead Variance 29