The following direct materials data pertain to the operations of Sarasota Co. for the month of December. The standard cost card shows that a finished product contains 4 pounds of materials. The 16,950 pounds were purchased in December at a discount of 4% from the standard price. In December, 4,110 units of finished product were manufactured. Calculate the materials variances, Identify whether each variance is favorable or unfavorable. The following direct materials data pertain to the operations of Sarasota Co. for the month of Decem The standard cost card shows that a finished product contains 4 pounds of materials. The 16,950 pou at a discount of 4% from the standard price. In December, 4,110 units of finished product were manuf Calculate the materials variances. Identify whether each variance is favorable or unfavorable. \begin{tabular}{l|l|l|} Materials Price Variance & $ & \\ Materials Quantity Variance & $ & NotApplicableFavorableUnfavorable \end{tabular}