Problem 4 (Supplemental Problem #1)-Compute materials and labor variances Zoller Company produces a dark chocolate candy bar. Recently, the company adopted the following standards for one bar of candy: Direct materials (6.3 oz.@ $0.20) Direct labor (0.08 hr.@ $18.00) Standard prime cost S 1.26 S 1.44 During the first week of operation, the company experienced the following actual results: a. Bars produced: 143,000 b. Ounces of direct materials purchased: 901,200 ounces at $0.21 per ounce. c. There are no beginning or ending inventories of direct materials. d. Direct labor: 11,300 hours at $17.30. Required: (circle For U to indicate whether the variance is favorable or unfavorable 1. Compute the materials price variance: 2. Compute the materials quantity usage variance: 3. Compute the total materials variance: 4. Compute the labor rate variance: 5. Compute the labor efficiency variance: F or U F or U F or U F or U For U F or U 6. Compute the total labor variance: *You must show your work to receive eredit***