Will give u a like/ thumbs up for sure! Thank you so much!

Please answer by showing detailed steps with all the formulas and explanation :)

(PLSS direct NO Excel sheet answers)

ABC Corp. manufactures down (feather) sleeping bags. Each sleeping bag requires 4 kilograms of down and takes 3 hours of direct labour. The standard cost of the down used by ABC Corp. is $8 per kilogram and the standard labour cost is $10 per hour. In November, ABC Corp. purchased and used 15,000 kilograms of down for $120,750. During the year, the company manufactured 4,000 sleeping bags. Payroll reported a total of 1,480 direct labour hours at a cost of $14,060.

a) Calculate the materials price and quantity variances and indicate whether the variances

are favourable or unfavourable.

b) Calculate the labour price and quantity variances and indicate whether the variances

are favourable or unfavourable.