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Bonita Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product. Direct materials (9 pounds at $3.80 per pound) Direct labor (5 hours at $11.00 per hour) During the month of April, the company manufactures 260 units and incurs the following actual costs. Direct materials purchased and used (2,100 pounds) Direct labor (1,310 hours) Total materials variance Compute the total, price, and quantity variances for materials and labor. Materials price variance Materials quantity variance" $34.20 $55.00 Total labor variance $ $8,190 $14,148 210 912 702 262 Favorable Unfavorable Favorable Favorable Direct materials purchased and used (2,100 pounds) Direct labor (1,310 hours) Compute the total, price, and quantity variances for materials and labor. Total materials variance Materials price variance Materials quantity variance Total labor variance Labor price variance Labor quantity variance eTextbook and Media $8,190 $14,148 SA 210 912 702 262 110 152 Favorable Unfavorable Favorable Favorable Favorable Unfavorable