Exercise 11-9 Hiroole Band Uniforms uses a standard costing system. The standard material and labor costs for producing a marching band hat are as follows: Materials (0.90 yards x $12.40) Direct labor (1.20 hours x $13.80) $11.16 $16.56 During May, the company produced 3,470 band hats; 3,850 yards of material were purchased for $38,115, and 2,850 yards of material were used in production. Also during May, 4,270 direct labor hours were worked at a cost of $64,050. Calculate material price and quantity variances and labor rate and efficiency variances. Indicate whether the variances are favorable or unfavorable. (Round intermediate calculations to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 125. Enter all variances as a positive number.) Material Price Variance 1 Material Quantity Variance Labor Rate Variance Labor Efficiency Variance Neither Unfavorable nor Favorable Click if you would like to Show Work for this questio! Unfavorable Favorable