Culver, Inc. manufactures one product called tybos. The company uses a standard cost system and sells each tybo for $8. At the start of monthly production, Culver estimated 9,690 tybos would be produced in March. Culver has established the following material and labor standards to produce one tybo: Direct materials Direct labor Standard Quantity 25 pounds 0.6 hours Standard Price $3 per pound $10 per hour 1. During March 2022, the following activity was recorded by the company relating to the production of tybos: The company produced 9530 units during the month. A total of 24,540 pounds of materials were purchased at a cost of $67,485. A total of 24,540 pounds of materials were used in production. 5,430 hours of labor were incurred during the month at a total wage cost of $59.730. 2. 3 Calculate the following variances for March for Culver, Inc. Identify whether each variance is favorable or unfavorable. (a) $ $ Materials Price Variance (b) Materials Quantity Variance Labor Price Variance Labor Quantity Variance (c) $ (d) $ e Textbook and Media Save for Later Attempts: 0 of 1 used Submit