requirements and calculations:

1-direct material price variance

2-direct material quantity variance

3-direct labor rate variance

4-direct labor efficiency variance

Question 3: (40 points: 10 each) During June, Junk Foods manufactures a single product. The Company's material purchases amounted to 9,000 pounds at a price of $9.60 per pound. Actual costs incurred in the actual output production of 3,300 units were as follows: Direct material: $67,200 ($9.60 per pound) Direct labor: $312,000 ($24.00 per hour) The standards for one unit of Junk Foods Company's product are as follows: Direct material: Direct labor: Quantity, 2 pounds per unit Quantity, 4 hours per unit Price, $9.10 per pound Rate, $90 per unit Required: Showing your calculations, Compute the following variances and indicate whether each variance is favorable or unfavorable