please solve it correctly and decide whether it is Favorable or unfavorable

Problem 23-1A (part level submission) Costello Corporation manufactures a single product. The standard cost per unit of product is shown below. Direct materials-2 pound plastic at $6.18 per pound $12.36 Direct labor-1.50 hours at $12.00 per hour 18.00 Variable manufacturing overhead 9.75 8.25 Fixed manufacturing overhead $48.36 Total standard cost per unit The predetermined manufacturing overhead rate is $12 per direct labor hour ($18.00 1.50). It was computed from a master manufacturing overhead budget based on normal production of 7,650 direct labor hours (5,100 units) for the month. The master budget showed total variable costs of $49,725 ($6.50 per hour) and total fixed overhead costs of $42,075 ($5.50 per hour). Actual costs for October in producing 3,700 units were as follows. Direct materials (7,600 pounds) $ 48,488 Direct labor (5,360 hours) 65,821 Variable overhead 50,015 18,635 Fixed overhead $182,959 Total manufacturing costs The purchasing department buys the quantities of raw materials that are expected to be used in production Raw materials inventories, therefore, can be ignored each month. (a) Your answer is partially correct. Try again. Compute all of the materials and labor variances. (Round answers to 0 decimal places, e.g. 125.) Total materials variance Unfavorable 3156 Materials price variance 1920 Unfavorable Materials quantity variance 1236 Unfavorable Total labor variance 779 Favorable Labor price variance 1501 Unfavorable Labor quantity variance 2280 Favorable Open Show Work Click if you would like to Show Work for this question: LINK TO TEXT LINK OVIDEO Attempts: 1 of 2 used SUBMIT ANSWER SAVE FOR LATER