Acme bookcase has a material standard for its ZX500 model of $10 per bookcase based on a cost of wood of $2 per board foot. In October they produced 1,500 units of ZX500 spending $14,850 for material. They used 10% more material than the standard called for during October Calculate the material variances for the month: Material Quantity Material Price Total Variance Fav/ (Unfav) Fav/ (Unfav) Fav/ (Unfav)