Seacoast Company provided the following information about its standard costing system for 2019: Materials Labor Budgeted production Standard Data 10 lbs. @ $4 per lbs. 3 hrs. @ $21 per hr. 3,500 units Produced Materials purchased Materials used Labor worded 4,000 units 50,000 lbs. for $215,000 41,000 lbs. 11,000 hrs. costing $220,000 Calculate the price, quantity and total variances for labor and materials. Format your answers using $, commas, and zero decimal places. Also indicate for each variance "F" for favorable or "U" for unfavorable. Materials Variances Materials Price Variance Labor Price Variance Favorable/Unfavorable Total Materials Variance Materials Quantity Variance Labor Variances Favorable/Unfavorable Labor Quantity Variance Total Labor Variance Actual Data Favorable/Unfavorable Favorable/Unfavorable Favorable/Unfavorable Favorable/Unfavorable