During April, Dryden Companys material purchases amounted to 8,400 pounds at a price of $7.60 per pound. Actual costs incurred in the production of 2,200 units were as follows: Direct labor: $ 139,650 ($19.00 per hour) Direct material: $ 41,040 ($7.60 per pound) The standards for one unit of Dryden Companys product are as follows: Direct Labor: Direct Material: Quantity, 3 hours per unit Quantity, 2 pounds per unit Rate, $18.90 per hour Price, $7.30 per pound Required: Compute the direct-material price and quantity variances, the direct-material purchase price variance, and the direct-labor rate and efficiency variances. Indicate whether each variance is favorable or unfavorable.