Question 4 --/25 View Policies Current Attempt in Progress Thrope, Inc. purchased 2.400 pounds of direct materialat a price of $1.10 per pound. The standard price of the material is $122 ser pound. Thrope used 1,800 pounds in production while the standard pounds allowed for actual production was 1.600 Calculate the direct materials price and quantity variances and indkate whether the variances are favorable or unfavorable. Direct material price variance $ Direct material quantity variance $