During March. Concord, Inc. purchases and uses 10,600 pounds of materials costing $43,460 to make 4,900 tiles. Concord's standard material cost per tile is $8.10(2 pounds of material X $4.05). Compute the total price and quantity material variances for Concord, Inc. for March. Identify whether each variance is favorable or unfavorable, Total Materials Variance Materials Price Variance $ Materials Quantity Variance