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please respond asap The direct materials and direct labour standards...

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Accounting

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The direct materials and direct labour standards for one bottle of Clean-All spray cleaner are given below: During the most recent month, the following activity was recorded: a. 23,000 millilitres of material was purchased at a cost of $0.26 per millilitre. b. All of the material was used to produce 3,640 bottles of Clean-All. c. 600 hours of direct labour time was recorded at a total labour cost of $7,200. Assume that instead of producing 3,640 bottles of Clean-All during the month, the company produced only 2,000 bottles, using 19,000 milililitres of material. (The rest of the material purchased 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 "F" for favourable, " U " for unfavourable, and "None" for no effect (i.e., zero variance).)

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