Use the following information for questions 27-29: Hector Company has developed the following standard costs for its product for 2019: Cost Element Quantity Standard Standard Standard Price Cost X Direct materials 4 pounds $3 $12 Direct labor Manufacturing overhead 3 hours 8 $24 3 hours 4 $12 $48 The company expected to produce 30,000 units of Product A in 2020 and work 90,000 direct labor hours. Actual results for 2020 are as follows: 31,000 units of Product A were produced. Actual direct labor costs were $746,200 for 91,000 direct labor hours worked. Actual direct materials purchased and used during the year cost $346,500 for 126,000 pounds. Actual variable overhead incurred was $155,000 and actual fixed overhead incurred was $205,000. Using the information provided, please calculate the following variances. In your response, indicate both the dollar value of the variance AND whether the variance is favorable or unfavorable. Do not round any intermediate calculations. D Question 27 4 pts Direct materials quantity variance (enter amount of variance and indicate favorable or unfavorable): Edit View Insert Format Tools Table 12pt Paragraph BIUA Question 28 Direct materials price variance (enter amount of variance and indicate favorable or unfavorable): Edit View Insert Format Tools Table 12pt Paragraph BIU I 4 pts Question 29 Total direct labor variance (enter amount of variance and indicate favorable or unfavorable): Edit View Insert Format Tools Table 12pt Paragraph BIUA L T 4 pts