$*****$Calculate the following variances and indicate whether each is favorable or unfavorable. Make sure you calculate for Direct Materials: Price Variance, Quantity Variance, Total Mat. Variance. Also make sure to calculate for Direct Labor: Rate Variance, Efficiency Variance, and Total Labor Variance.$******$

A company budgeted the following overhead costs for the current year assuming operations at $40,000$ units, which is $80\%$ of capacity $(50,000$ units$)$:

$\backslash$table$[[$Total variable overhead,$$240,000$