The direct materials and direct labour standards for one bottle of Clean-All spray cleaner are given below Standard Quantity Standard Price or Rate Standard Cost $ 2.17 3.60 or Hours Direct materials Direct labour 7.0 millilitres 0.3 illilitre 0.3 hours $ 12.00 per hour During the most recent month, the following activity was recorded: a. 23,000 millilitres of material was purchased at a cost of S0.26 per millilitre b. All of the material was used to produce 3,000 bottles of Clean-All C. 600 hours of direct labour time was recorded at a total labor cost of $7.200 Required: 1. Compute the direct materials price and quantity variances for the month. (Indicate the effect of each variance by selecting-F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).) Materials price variance Materials quantity variance3,875 U $1,225 2. Compute the direct labour rate and efficiency variances for the month. (Indicate the effect of each variance by selecting-F" for favourable, "U" for unfavourable, and "None" for no effect (i.e., zero variance).) Labour rate variance Labour efficiency variance