Swifty Company has developed the following standard costs for its product for 2022: SWIFTYCOMPANY Standard Cost Card Product A Cost Component Standard Quantity Standard Price = Standard Cost Direct materials 4 pounds $3 $12 Direct labor 3 hours 8 24 Manufacturing overhead 3 hours 4 12 $48 The company expected to produce 32,200 units of Product A in 2022 using 96,600 direct labor hours. Actual results for 2022 are as follows: . 33,280 units of Product A were produced. The company expected to produce 32,200 units of Product A in 2022 using 96,600 direct labor hours. Actual results for 2022 are as follows: 33,280 units of Product A were produced. Actual direct labor costs were $800,320 for 97,600 direct labor hours worked. Actual direct materials purchased and used during the year cost $376,750 for 137,000 pounds. Actual variable overhead incurred was $166,000 and actual fixed overhead incurred was $218,000. Compute the following variances showing all computations to support your answers. Indicate whether the variances are favorable or unfavorable. (a) Materials Quantity Variance 310160) Unfavorable (b) Total Direct Labor Variance $ Unfavorable (c) Direct Labor Quantity Variance Favorable (d) Direct Materials Price Variance $ Favorable Compute the following variances showing all computations to support your answers. Indicate whether the variances are favorable or unfavorable. (a) Materials Quantity Variance $ 310160 Unfavorable (b) Total Direct Labor Variance $ Unfavorable v (c) Direct Labor Quantity Variance $ Favorable (d) Direct Materials Price Variance $ Favorable (e) Total Overhead Variance 15360 Favorable