Star Band Uniforms uses a standard costing system. The standard material and labor costs for producing a marching band hat are as follows:

Materials (.90 yards × $12.00) .........................$10.80

Direct labor (1.2 hours × $14.00) ..................... $16.80

During May, the company produced 3,550 band hats; 4,000 yards of material were purchased for $42,000, and 3,100 yards of material were used in production. Also during May, 4,450 direct labor hours were worked at a cost of $62,000. Calculate material price and quantity variances and labor rate and efficiency variances. Indicate whether the variances are favorable or unfavorable.