please solve requirement 2 entirely using the data table provided. thank you!

Data table Davidow, Inc. is a privately held furniture manufacturer. For August 2020 , Davidow had the following standards for one of its products, a wicker chair: (Click the icon to view the standards per chair.) The following data were compiled regarding actual performance: actual output units (chairs) produced, 2,300; square yards of input purchased and used, 4,200; price per square yard, $6.00; direct manufacturing labor costs, $10,494; actual hours of input, 990; labor price per hour, $10.60. Read the requirements. The labor price variance: in labor rates due to a The labor efficiency variance: efficient workers being employed or the use of quality materials. Requirement 2. Suppose 6,500 square yards of materials were purchased (at $6.00 per square yard), even though only 4,200 square yards were used. Suppose further that variances are identified at their most timely control point; accordingly, direct materials price variances are isolated and traced at the time of purchase to the purchasing department rather than to the production department. Compute the price and efficiency variances under this approach. Begin with recalculating the costs using the information provided for the alternative approach