Indigo Manufacturing, which produces a single product, has prepared the following standard cost sheet for one unit of the product.

Direct materials (6 pounds at $2 per pound)		$12
Direct labor (2 hours at $12 per hour)		$24

During the month of April, the company manufactures 510 units and incurs the following actual costs.

Direct materials purchased and used (3,320 pounds)		$7,304
Direct labor (1,050 hours)		$12,075

Compute the total, price, and quantity variances for materials and labor. Identify whether each variance is favorable or unfavorable.

		Materials		Labor
Total Variance		$enter a dollar amount	select an option UnfavorableFavorableNot Applicable		$enter a dollar amount	select an option UnfavorableFavorableNot Applicable
Price Variance		$enter a dollar amount	select an option UnfavorableFavorableNot Applicable		$enter a dollar amount	select an option UnfavorableFavorableNot Applicable
Quantity Variance		$enter a dollar amount	select an option UnfavorableFavorableNot Applicable		$enter a dollar amount	select an option UnfavorableFavorableNot Applicable