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Hsu Company produces a part with a standard of 5 yards of material per unit. The standard price of one yard of material is $8.50. During the month, 8,800 parts were manufactured, using 45,700 yards of material at a cost of $8.30. Enter favorable variances as negative numbers.

Required:

Determine the following:

a. Price variance	$fill in the blank 1	Favorable or Unfavorable
b. Quantity variance	$fill in the blank 3	Favorable or Unfavorable
c. Cost variance	$fill in the blank 5	Favorable or Unfavorable