Cheyenne Company has developed the following standard costs for its product for 2022: CHEYENNECOMPANY Standard Cost Card Product A Cost Component Standard Quantity Standard Price = Standard Cost Direct materials 4 pounds $3 $12 Direct labor 3 hours 8 24 Manufacturing overhead 3 hours 4 12 $48 The company expected to produce 30,500 units of Product A in 2022 using 91,500 direct labor hours. Actual results for 2022 are as follows: 31,500 units of Product A were produced. Actual direct labor costs were $758,500 for 92,500 direct labor hours worked. Actual direct materials purchased and used during the year cost $353,375 for 128,500 pounds. Actual variable overhead incurred was $158,000 and actual fixed overhead incurred was $208,000. Compute the following variances showing all computations to support your answers. Indicate whether the variances are favorable or unfavorable. (a) Materials Quantity Variance (b) Total Direct Labor Variance $ Unfavorable Unfavorable