Can you help me figure this problem? I have attached it.

Wyatt Co. has budgeted the following unit sales: 2011 Units Jan 10,000 Feb 8,000 March 9,000 April 11,000 May 15,000 The finished goods units on hand on Dec. 31, 2010 was 2,000 units. Each unit requires 2 pounds of raw material that are estimated to cost an average of $4 per pound. It is the company's policy to maintain a finished goods inventory at the end of each month equal to 10% of next month's anticipated sales. They also have a policy of maintaining a raw material inventory at the end of each month equal to 20% of the pounds needed for the following month's production. There were 3,920 pounds of raw material on hand at Dec. 31, 2010 For the first quarter of 2010, prepare (1) a production budget and (2) a direct materials budget. Cost Elements Direct materials Direct labor Variable overhead Fixed overhead Standard Quality 4 hours 2 hours 2 hours 2 hours Standard Price $5 10 4 2 Stand Cost $20 20 8 4 $52 The company expected to work at the 60,000 direct labor hours level of activity and produce 30,000 units of product. Actual results were as follows. 28,400 units of product were actually produced. Direct labor costs were $546,000 for 56,000 direct labor hours actually worked. Actual direct materials purchased and used during the year cost $554,400 for 115,500 pounds. Total actual manufacturing overhead costs were $340,000 Compute the following variances and indicate whether the variance is favorable or unfavorable. 1. Direct material price variance 2. Direct materials quantity variance 3. Direct labor price variance 4. Direct labor quantity variance Cost Elements Direct materials Direct labor Variable overhead Fixed overhead Standard Quality 4 hours 2 hours 2 hours 2 hours Standard Price $5 10 4 2 Stand Cost $20 20 8 4 $52 The company expected to work at the 60,000 direct labor hours level of activity and produce 30,000 units of product. Actual results were as follows. 28,400 units of product were actually produced. Direct labor costs were $546,000 for 56,000 direct labor hours actually worked. Actual direct materials purchased and used during the year cost $554,400 for 115,500 pounds. Total actual manufacturing overhead costs were $340,000 Compute the following variances and indicate whether the variance is favorable or unfavorable. 1. Direct material price variance 2. Direct materials quantity variance 3. Direct labor price variance 4. Direct labor quantity variance