b, T-Top Company produces single-colored T-shirts. The following standards for one T-shirt have been established: stomdar d. Direct materials (0.5 yds. @ $2) Direct labor (0.15 hrs. @ $9.00) Standard prime cost $1.00 1.35 $2.35 During the year. 20,700 yards of fabric were purchased and used in the production 38,295=1853 20,700 lof 41,300 T-shirts. The actual prime costs were: Atau) Direct materials Direct labor 57,226 (for 6,200 hrs.) (9.29 Required Compute the materials and Fabor variances associated with the production of T-shirts last year, labeling each variance as favorable or unfavorable.