The following data was gathered for XYZ Company for the year:

Actual Results: 20,000 units produced and sold Direct materials: 62,300 units of input purchased and used @ $29 per input unit Budget Data: 19,000 units planned Direct materials: 3 units of input allowed per output unit @ $30 per input unit Required: Calculate all the material variances for the year, making sure to label each and indicate whether it is favorable or unfavorable.