The company has the following standard costs. Each unit produced should cost $346: Direct material (5.4 g @ $40 per g) $178 Direct labor (3 hours @ $60 per hour) $105 During the latest quarter, the company budgeted for 3000 units, but ultimately produced and sold 970 units. The actual results were: Direct materials. 6 g used per unit at $45 per g Direct labor 4 hours used per unit at $40 per hour Calculate the direct materials static budget variance Calculate the direct materials flexible budget variance Is the direct materials price variance favorable, or unfavorable? Is the direct materials efficiency variance favorable or unfavorable? Is the direct labor flexible budget variance favorable or unfavorable? Is the direct labor price variance favorable, or unfavorable