The direct materials and direct labour standards for one bottle of Clear All spray cleaner wegen below Standard Quantity Standard Price Standard or hours OF Mate Coat Direct noterinis 5.0 millilitres $ 0.30 per litre $1.50 Direct labour 0.4 hours $12.00 per hour 14.80 6 During the most recent month the following activity was recorded # 28,000 mililitres of material was purchased at a cost of $0.25 permite b. All of the material was used to produce 3,000 bottles of Clean All c 675 hours of direct tabour time was recorded at a totalfabour cost of $8300 Required 1. Compute the direct materials price and quantity variances for the month. Indicate the effect of each variance by selecting for favourable, "U" for unfavourable, and "None for no effect .. zero variances) Materials price variance Materials quantity variance