Blue Spruce Company has developed the following standard costs for its product for 2022 : The company expected to produce 32,400 units of Product A in 2022 using 97,200 direct labor hours. Actual results for 2022 are as follows: - 33.440 units of Product A were produced. - Actual direct labor costs were $805,240 for 98,200 direct labor hours worked. - Actual direct materials purchased and used during the year cost $379,500 for 138,000 pounds. - Actual variable overhead incurred was $169,000 and actual fixed overhead incurred was $220,000. Actual results for 2022 are as follows: - 33.440 units of Product A wereproduced. - Actual direct labor costs were $805,240 for 98,200 direct labor hours worked. - Actual direct materials purchased and used during the year cost $379,500 for 138,000 pounds. - Actual variable overhead incurred was $169,000 and actual fixed overhead incurred was $220,000. Compute the following variances showing all computations to support your answers. Indicate whether the variances are favorable or unfavorable