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I. The following information relates to the production activities of Tweet'/ Direct materials A rice and X uantit variances STANDARD COST F (circle) variances STANDARD COST F (circle) Direct materials ACTUAL rice and uanti Manufacturing for the year: Actual direct materials used Actual direct labor used Actual units produced Standard quantitv and price per unit for direct ACTUAL COST 16,000 lbs at" 25 per 3,625 hrs at Slgoo per hour IS lbs at SECO per Standard quantitv and rate per unit for direct labor 04 hrs at 52000 per hour REQUIREMENT: Compute (a) the direct materials price and quantitv variances and (b) the direct labor rate and efficiencyvariances Indicate if thev are favorable or unfavorabla use the space provided in the solution packet 2. The following information relates to the production activities of Sylvester Direct materials price variance Direct materials variarce Total direct materials variance Direct labor rate and efficienc ACTUAL COST AH X AR Direct labor rate variance Direct labor efficiency variance Direct materials price variance Direct mater' als Quantity variance Total direct materials variance re lab and effi ACTUAL AH X AR Actual direct materials used Actual direct labor used Actual units produced Standard quantitv and price per unit for direct 4,000 lbs at 5225 per 1,000 hrs at SISCO per hour I lbs at 5200 per x SR Standard quantitv and rate per unit for direct labor 025 hrs at 51800 per hour REQUIREMENT: Compute (a) the direct materials price and quantity variances and (b) the direct labor rate and efficiencyvariances Indicate if they are favorable or unfavorabla use thes ace mvided in the solution acker Direct labor rate variance Direct labor efficiency variance Total direct labor variance variances STANDARD COST FUJ circle) circle] Circle) STANDARD COST SH X SR FUJ circle) FILI circle) Circle)