The following direct materials data pertain to the operations of Indigo Co$.$ for the month of December.

Standard materials price

$$5\mathrm{.}00$ per pound

Actual quantity of materials purchased and used $,17,190$ pounds

The standard cost card shows that a finished product contains $4$ pounds of materials. The $17,190$ pounds were purchased in December at a discount of $4\%$ from the standard:price. In December, $4,170$ units of finished product were manufactured.

Calculate the materials variances. Identify whether each variance is favorable or unfavorable.

Materials Price Variance

Materials Quantity Variance

Total Materials Variance