The Malvar Company manufactures and sells a single product for P20. The Company uses a standard-cost system, isolating all varainces as soon as possible. The standards for one finished unit include: Direct Materials (2 kg. at P2) P 4.00 Direct Labor (0.5 hr. at P10) P 5.00 Actual results were: Units produced 5,100.00 units Materials purchased at P2.10 per kg 5,200.00 kg. Materials used in production 5,300.00 kg. Direct labor at P10.20 per hr. 3,200.00 hrs. Compute for the total variance, spending (price) and efficiency variance for materials and labor.