Whispering Winds Company provided the following information about its standard costing system for 2022: Standard Data Materials 10 lbs.@$4 per lbs. Labor 3 hrs.@ $21 per hr. Budgeted production 3.670 units Actual Data Produced 4.170 units Materials purchased 51,700 lbs. costing $222,310 Materials used 42,700 lbs. Labor worked 11,510 hrs.costing $230,200 Calculate the labor price variance and the labor quantity variance. Identify whether each variance is favorable or unfavorable. Labor Price Variance $ $ Labor Quantity Variance $ $