Current Attempt in Progress Flounder, 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, Flounder estimated 9,560 tybos would be produced in March. Flounder has established the following material and labor standards to produce one tybo: Standard Quantity Standard Price 2.5 pounds Direct materials Direct labor $3 per pound $10 per hour 0.6 hours During March 2022, the following activity was recorded by the company relating to the production of tybos: 1. The company produced 9,170 units during the month. 2. A total of 24,200 pounds of materials were purchased at a cost of $66,550. A total of 24,200 pounds of materials were used in production. 3. 4. 5,200 hours of labor were incurred during the month at a total wage cost of $57,200. Calculate the following variances for March for Flounder, Inc. Identify whether each variance is favorable or unfavorable. (a) Materials Price Variance $ (b) Materials Quantity Variance $ 04 (c) Labor Price Variance $