Ayayai, Inc. manufactures one product called tybos. The company uses a standard cost system and sells each tybo for $8. At the start of monthly production, Ayayai estimated 9,730 tybos would be produced in March. Ayayai has established the following material and labor standards to produce one tybo: Standard Quantity Standard Price Direct materials 2.5 pounds $3 per pound 0.6 hours $10 per hour Direct labor During March 2022, the following activity was recorded by the company relating to the production of tybos: 1 The company produced 9.510 units during the month. 2. A total of 24,700 pounds of materials were purchased at a cost of $67,925. 3. A total of 24,700 pounds of materials were used in production. 4. 5,520 hours of labor were incurred during the month at a total wage cost of $60,720. During March 2022, the following activity was recorded by the company relating to the production of tybos: 1. The company produced 9,510 units during the month. 2. A total of 24,700 pounds of materials were purchased at a cost of $67,925. 3. A total of 24,700 pounds of materials were used in production. 4. 5,520 hours of labor were incurred during the month at a total wage cost of $60,720. Calculate the following variances for March for Ayayai, Inc. Identify whether each variance is favorable or unfavorable. (a) Materials Price Variance (b) Materials Quantity Variance $ (c) Labor Price Variance $ (d) Labor Quantity Variance eTextbook and Media Favorable Not Applicable Unfavorable