The Cat-Connoisseur-Coffee Company has the following standard costs. Each unit produced should cost. Direct material (5 kg @ $40 per kg) $200 Direct labor (5 hours @ 12 per hour) $60 During the latest quarter, the company produced and sold 1.000 units. Actual results were: Direct materials 6 kg used per unit at $37 per kg sor Direct labor 8 hours used per unit at $12 per hour Please calculate the direct materials flexible budget variance (ie, flexible budget vs. actual spending on direct materials): $ thousand Unfavorable (Note: if you think the answer is $20,000, then just type 20, not twenty or 20.0 or 20 dollars or $20 or 20000 or 20,000 or 20 000 or 20 000 00000000) Calculate the materials usage variance: $ thousand Unfavorable Calculate the materials price variance: $ thousand Favorable Calculate the labor usage variance: $ thousand Unfavorable Calculate the labor price variance: $ thousand Favorable