Charlatte Company has determined that the standard cost to manufacture its product includes 2 units of direct materials at $6.00 per unit. During January, the company purchased 50,200 units of direct materials at a cost of $5.85 per unit and used 50,200 units of direct materials to produce 23,200 units of its product.

Calculate the total materials variance, Materials Price Variance and Materials Quantity Variance and whether there favorable, unfavorable or neither.