Answer the question below.

PLEASE SHOW ALL WORK.

CHEYENNECOMPANY Standard Cost Card Standard Cost Product A Cost Component Direct materials Direct labor Manufacturing overhead Standard Price $3 $12 Standard Quantity 4 pounds 3 hours 3 hours 8 24 4 12 $48 The company expected to produce 30,500 units of Product Ain 2022 using 91,500 direct labor hours. Actual results for 2022 are as follows: 31,500 units of Product A were produced. Actual direct labor costs were $758,500 for 92,500 direct labor hours worked. Actual direct materials purchased and used during the year cost $353,375 for 128,500 pounds. Actual variable overhead incurred was $158,000 and actual fixed overhead incurred was $208,000. . Compute the following variances showing all computations to support your answers. Indicate whether the variances are favor or unfavorable. (a) Materials Quantity Variance $ (b) Total Direct Labor Variance $ $