Flounder Manufacturing, which produces a single product, has prepared the following standard cost sheet for one unit of the product. During the month of April, the company manufactures 360 units and incurs the following actual costs. Compute the total, price, and quantity variances for materials and labor. Identify whether each variance is favorable or unfavorable. \begin{tabular}{|c|c|c|c|c|c|} \hline & & Materials & & & Labor \\ \hline Total Variance & $ & & & $ & \\ \hline Price Variance & $ & & = & $ & \\ \hline Quantity Variance & $ & & & $ & \\ \hline \end{tabular}