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

Direct materials $(10$ pounds at $$2\mathrm{.}20$ per pound$)$ $$22\mathrm{.}00$

Direct labor $(4$ hours at $$10\mathrm{.}00$ per hour$)$ $$40\mathrm{.}00$

During the month of April, the company manufactures $260$ units and incurs the following actual costs.

Direct materials purchased and used $(1,900$ pounds$)$ $$4,370$

Direct labor $(1,080$ hours$)$

$$10,584$

Compute the total, price, and quantity variances for materials and labor.

Total materials variance

$ $$ Favorable

Materials price variance

$ $$

Materials quantity variance

$

Favorable