The direct materials and direct labour standards for one bottle of Clean-All spray cleaner are given below ty or Hours or Rate Direct materials Direct labour 5.0 millilitres .5 hours 8.29 per millilitres S 12.00 per hour Cost 1.45 s 6.00 During the most recent month, the following activity was recorded: a. 22,000 millilitres of material was purchased at a cost of $O.24 per mililitre b. The company produced only 2,000 bottles, using 18,000 millitres of material. (The rest of the material purchased remained in raw materials inventory) C. 725 hours of direct labour time was recorded at a total labour cost of S8700. Required 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).) Answer is complete but not entirely correct. Materials price variance Materials quantity variance 3,480 U