GROUPERCOMPANY Standard Cost Card Product A Cost Component Standard Quantity Standard Price Standard Cost Direct materials 4 pounds $3 $12 Direct labor 3 hours 8 24 Manufacturing overhead 3 hours 4 12 $48 The company expected to produce 30,700 units of Product A in 2022 using 92,100 direct labor hours. Actual results for 2022 are as follows: 31,710 units of Product A were produced. Actual direct labor costs were $763,420 for 93,100 direct labor hours worked. Actual direct materials purchased and used during the year cost $356,125 for 129,500 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 o unfavorable. (a) Materials Quantity Variance $ (b) Total Direct Labor Variance $ (c) Direct Labor Quantity Variance $ (d) Direct Materials Price Variance $ (e) Total Overhead Variance $