Amy Pond Manufacturing produces Weeping Angels and has prepared the following standard cost sheet for one unit of the product: Direct materials (9 pounds at $2.80 per pound) $25.20 Direct labour (2 hours at $13.00 per hour) $26.00 During the month of April, the company manufactures 260 units And incurs the following actual costs: Direct materials purchased and used (2,400 pounds) $ 7,248 Direct labour (540 hours) $ 6,912 Instructions: Compute and round to two (2) places. (Indicate Favourable or Unfavourable) The materials price variance The materials quantity variance The total materials variance The labour rate variance The labour time variance The total labour variance