Bramble Company provided the following information about its standard costing system for 2022: Standard Data Actual Data Materials 10 lbs. @$4 per lbs. Produced 4,030 units Labor 3 hrs.@$21 per hr. Materials purchased 50,300 lbs. costing $216,290 Budgeted production 3,530 units Materials used 41,300 lbs. Labor worked 11,060 hrs. costing $221,200 Calculate the labor price variance and the labor quantity variance. Identify whether each variance is favorable or unfavorable Labor Price Variance Labor Quantity Variance