Actual corn usage for quarter one was 136,000 pounds at a price of $0.48 per pound. Actual equivalent units of production (boxes of cereal) completed through the first process (where the corn is added) was 43,000. Calculate the direct materials variances for the corn (price, usage, and total) and indicate if these variances are favorable or unfavorable.

The standard price of corn is $0.17 per pound.