Bramble, Inc. manufactures one product called tybos. The company uses a standard cost system and sells...

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Bramble, Inc. manufactures one product called tybos. The company uses a standard cost system and sells each tybo for $8. At the start of monthly production, Bramble estimated 9,530 tybos would be produced in March. Bramble has established the following material and labor standards to produce one tybo: Standard Quantity Standard Price Direct materials 2.5 pounds $3 per pound 0.6 hours $10 per hour Direct labor During March 2022, the following activity was recorded by the company relating to the production of tybos: 1. The company produced 9,080 units during the month. 2. A total of 24,140 pounds of materials were purchased at a cost of $66,385. 3. A total of 24,140 pounds of materials were used in production. 4. 5,120 hours of labor were incurred during the month at a total wage cost of $56,320. Calculate the following variances for March for Bramble, Inc. Identify whether each variance is favorable or unfavorable. (a) Materials Price Variance $ (b) Materials Quantity Variance (c) Labor Price Variance (d) Labor Quantity Variance Bramble, Inc. manufactures one product called tybos. The company uses a standard cost system and sells each tybo for $8. At the start of monthly production, Bramble estimated 9,530 tybos would be produced in March. Bramble has established the following material and labor standards to produce one tybo: Standard Quantity Standard Price Direct materials 2.5 pounds $3 per pound 0.6 hours $10 per hour Direct labor During March 2022, the following activity was recorded by the company relating to the production of tybos: 1. The company produced 9,080 units during the month. 2. A total of 24,140 pounds of materials were purchased at a cost of $66,385. 3. A total of 24,140 pounds of materials were used in production. 4. 5,120 hours of labor were incurred during the month at a total wage cost of $56,320. Calculate the following variances for March for Bramble, Inc. Identify whether each variance is favorable or unfavorable. (a) Materials Price Variance $ (b) Materials Quantity Variance (c) Labor Price Variance (d) Labor Quantity Variance