Howard Company has established the following standards:

Direct materials: 2.0 pounds at $4.10 Direct labor: 1.5 hours at $7 per hour

Additional information was extracted from the accounting records:

Actual production: 32,000 completed units

Direct materials purchased: 70,000 pounds at $3.82, or $267,400

Direct materials consumed: 65,000 pounds

Actual labor incurred: 51,000 hours at $6.30, or $321,300

Required: Calculate the direct-material price and quantity variances, and the direct-labor rate and efficiency variances. Indicate whether each variance is favorable or unfavorable.