I need help with this 2 exercise. it is from Accounting Principles 10 ed. Weygandt, kimmel and Kiesso.

Do it 25-2 The standard cost of product 999 includes 2 units of direct materials at $6 per unit. During August the company bought 29,000 units of materials at $6.20 and used those materials to produce 15,000 units. Compute the total, price, and quantity variances for materials.

I try completing the excersice and this is what i have. I dont know how to determine if is unfavorable or favorable , my other question do i have to say it was negative 60,200?

Standard quantity =15,000 X 2

Total Materials variance = (29,000 X $6.20) - (30,000 X $8.00) = -60,200

Materials price variance = (29,000 X $6.20) - (29,000 X $6.00) = 5,800

Materials quantity Variance = (29,000 X $6.00) - (30,000 X $6.00) = -6,000

Do it25-3

The standard cost of product 2525 includes 2 hours of direct labor at $14.00 per hour. The predetermined overhead rate is $21 per direct labor hour. During July, the company incurred 4,100 of direct labor at an average rate of $14.40 per hour and $81,300 of manufacturing overhead costs. It produced 2,000 units.

A) Compute the total, price, and quantity variances for labor. B) compute the total overhead variance.