The following information describes production activities of the Central Corp:
Raw materials used	16,000 lbs at $4.05 per lb
Factory payroll	5.545 hours for a total of $72,085
30,000 unites were completed during the year
Budgeted standards for each unit produced
1/2 lb of raw material at $4.15 per lb
10 minutes of direct labor at $12.50 per hour
Compute the direct materials price and quantity and the direct labor rate and efficiency variances. Indicate whether each variance is favorable to unfavorable.