The direct materials and direct labour standards for one bottle of Clean-All spray cleaner are given below Standar Cost $1.82 $4.80 Standard QuantityStandard Price or Hours 7.0 millilitres 0.4 hours or Rate Direct materials Direct labour S 0 26 per millitres $ 12.00 per hour During the most recent month, the following activity was recorded a 26,000 mililitres of material was purchased at a cost of S0.21 per millilitre b. The company produced only 2000 bottles, using 22 000 milliltres of material. (The rest of the material c 750 hours of direct labour time was recorded at a total labour cost of S9000 chased remained in raw materials inventory) Required Compute the direct materials price and quantity variances for the month (Indicate the effect of each variance by selecting "Ff for favourable, "U" for unfavourable, and None" for n o effect (i.e., zero variance).) Materials price variance Materials quantity variance