Sunland, Inc. purchased 1,890 pounds of direct materials at a price of $1.30 per pound. The standard price of the material is $1.40 per pound. Sunland used 1,690 pounds in production while the standard pounds allowed for actual production was 1,490. Calculate the direct materials price and quantity variances and indicate whether the variances are favorable or unfavorable. Direct materials price variance Direct materials quantity variance