Using the following product information, calculate the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable.

Actual direct materials used $($AQ$)18,980$ pounds

Actual units produced $4,540$ units

Actual cost of direct materials used $ $512,460$

Direct materials standard $(4$ pounds @ $$25$ per pound$)$ $ $100$ per unit

AQ $=$ Actual Quantity

SQ $=$ Standard Quantity

AP $=$ Actual Price

SP $=$ Standard Price

Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.