FLOUNDERCOMPANY Standard Cost Card Product A Cost Component Direct materials Standard Quantity x Standard Price Standard Cost 4 pounds $3 $12 3 hours 8 24 Direct labor Manufacturing overhead 3 hours 12 122 $48 The company expected to produce 30,600 units of Product A in 2022 using 91,800 direct labor hours. Actual results for 2022 are as follows: 31,590 units of Product A were produced. . Actual direct labor costs were $760,960 for 92,800 direct labor hours worked. . Actual direct materials purchased and used during the year cost $354,750 for 129,000 pounds. . Actual variable overhead incurred was $160,000 and actual fixed overhead incurred was $210,000. Compute the following variances showing all computations to support your answers. Indicate whether the variances are favorable or unfavorable. (a) Materials Quantity Variance $ (b) Total Direct Labor Variance (c) Direct Labor Quantity Variance $ (d) Direct Materials Price Variance $ (e) Total Overhead Variance