You have been invited to interview for an internship with an international food manufacturing company. When you arrive for the interview, you are given the following information related to a fictitious chocolatier for the month of June. The chocolatier manufactures truffles in 12-piece boxes. The production is labor intensive, and the delicate nature of the chocolate requires a high degree of skill. Actual Boxes produced Direct materials used in production Actual direct material cost Actual direct manufacturing labor-hours Actual direct manufacturing labor cost 8,000 17,500 pounds (lbs.) $61,250 2,300 $52,900 Standards Purchase price of direct materials $4.50 per pound Materials per box 1.50 pounds $25.10 per hour Wage rate Boxes per hour 6 Requirement 1. Calculate the materials efficiency and price variance and the wage and labor efficiency variances for the month of May. In order to calculate the variances complete the following table. (Round your final answer to the nearest whole number. Abbreviation used: qty = quantity.) Actual costs incurred Actual input qty x Budgeted price Flexible budget Direct materials Direct labor Now compute the variances. (Enter the amount of the variance, then select whether it is favorable or unfavorable.) The materials efficiency variance is The materials price variance is The labor efficiency variance is The labor price variance is