More Martinez Company manufactures aluminum baseball bats that it sells to university athletic departments. It has developed the following per unit standard costs for 2022 for each baseball bat: In 2022 , the company planned to produce 121,800 baseball bats at a level of 60,900 hours of direct labor. Actual results for 2022 are presented below: 1. Direct materials purchases were 224,500 pounds of aluminum which cost $931,675. 2. Direct materials used were 224,500 pounds of aluminum. 3. Direct labor costs were $592,900 for 60,500 direct labor hours actually worked. 4. Total manufacturing overhead was $370.000. 5. Actual production was 116,700 baseball bats. Compute the following variances and identify whether each variance is favorable or unfavorable. 1. Direct Materials Price $ 2. Direct Materials Quantity $