Waterways Corporation uses very stringent standard costs in evaluating its manufacturing efficiency. These standards are not "ideal" at this point, but the management is working toward that as a goal.

If the Labor quantity variances is

$46,200 (Unfavorable)

and Materials quantity variance are

$3,200 (Favorable)

And Total overhead variance is

$4,888 (Unfavorable)

Please evaluate and comment on the labor quantity variances, materials quantity variance, and total overhead variance for this company. Please include what the variances suggest to management?