Swifty, Inc. is planning to produce 2,580 units of product in 2022. Each unit requires 3 pounds of materials at $6 per pound and a half hour of labor at $16 per hour. The overhead rate is 75% of direct labor. Compute the budgeted amounts for 2022 for direct materials to be used, direct labor, and applied overhead. Direct Materials $ Direct Labor S Overhead $ The following direct materials data pertain to the operations of Bridgeport Co. for the month of December Standard materials price $5.00 per pound 16,540 pounds Actual quantity of materials purchased and used a The standard cost card shows that a finished product contains 4 pounds of materials. The 16,540 pounds were purchased in December at a discount of 4% from the standard price. In December 4,040 units of finished product were manufactured. Calculate the materials variances. Identify whether each variance is favorable or unfavorable. $ Materials Price Variance $ $ Materials Quantity Variance