At Golden Valley, the standard price for the M640 electrical relay (a component used In the production of a commercial refrigeration unit) is $58.5tandards call for 3.0 relays per unit ofnished product. In July, the company purchased 151 relays for $9,060. The company used 103 relays in the production of 54 refrigeration units [4 relays were damaged in the installation process}. Calculate the material price variance and the material quantity variance related to the M61114:I electrical relay. Indicate whether the variances are favorable or unfavorable. W WWW to 2 decimal Ham. 3. 14.370111 nal ms to Udedmdl plumes. 125.Entera Wasapasiwnumber.) Material Price Variance 3i! l l l v Material Quantity Variance 55 l l l v a