Matenais and Labor Variances Deporte Company produces singie-colored k-shirte, Materiais for the shirts are dyed in large vats. After dying the materials for a given color, the vats must be cicaned and prepared for the next batich of materials to be colored. The following standards for changeover for a given batch have been established: Duning the year, 29,500 pounds of material were purchased and used for the chengeover activity. There were 30,000 batches produced, with the following actual prime costs Compute the materials and labor variances aswociated with the changeover activity, labeling each varianci as favorable or unfavorable