Name Chapter 21 Variance Problem Scarecrow Enterprises reports the following information regarding the production of one of its products for the month. The company had planned to produce 28,000 units but actual production and sales were 30,000 units. Direct materials standard (6 lbs. $3/lb.) $18 per finished unit Actual direct materials used 179,000 lbs. Actual cost of direct materials used $554,900 Direct labor standard (2 hrs. $15/hr.) $30 per finished unit Actual direct labor hours 60,800 hrs Actual cost of direct labor $905,920 A. Compute the total direct materials cost variance, the direct materials price variance and the direct materials quantity variance. Identify each as either favorable or unfavorable B. Compute the total direct labor cost variance, the direct labor rate variance and the direct labor efficiency variance. Identify each as either favorable or unfavorable