Exercise 9.14 direct materials and direct labor variances zoller company produces a dark chocolate candy bar. recently, the company adopted the following standards for one bar of the candy: direct materials (6.3 oz. $0.20) $1.26 direct labor (0.08 hr. @$18000 1.44 standard prime cost $2.70 during the first week of operation, the company experienced the following actual results a. bars produced: 143,000. b. ounces of direct materials purchased: 901,200 ounces at $0.21 per ounce. c. there are no beginning or ending inventories of direct materials. d. direct labor: 11,300 hours at $17.30 required instructions for part 1 and 2: if a variance is zero, enter "0" and select "not applicable" from the drop down box 1. compute price and usage variances for direct materials. s select your answer materials price variance select your answer materials usage variance 2. compute the rate variance and the efficiency variance for direct labor. u- select your answer labor rate variance labor efficiency variance select your answer tu