Bill's Furniture Corporation produces furniture, it expects that the cost of direct materials per unit will amount to $34.00. Bill's Furniture Corporation expected to produce 2,200 pieces of furniture last month; however, actual production totaled 2,400 pieces of furniture. The actual cost of direct materials per unit amounted to $41.00

1. What is the master (static) budget variance for direct materials? Indicate whether the variance is favorable or unfavorable
2. What is the flexible budget (spending) variance for direct materials? Indicate whether the variance is favorable or unfavorable.
3. What is the sales volume (activity) variance for direct materials? Indicate whether the variance is favorable or unfavorable.