The following direct materials data pertain to the operations of Bramble Co. for the month of December. Standard materials price $5.00 per pound Actual quantity of materials purchased and used 16,530 pounds The standard cost card shows that a finished product contains 4 pounds of materials. The 16,530 pounds were purchased in December at a discount of 4% from the standard price. In December, 4,030 units of finished product were manufactured. Calculate the materials variances. Identify whether each variance is favorable or unfavorable. Materials Price Variance $ Materials Quantity Variance +A $ Total Materials Variance +A $