Purvis manufacturing, which produces a single product, has prepared the following standard cost sheet for one unit of the product.
direct materials (6 pounds at $2 per pound) $12
direct labor (2 hours at $12 per hour) $24

during the month of april, the company manufactures 300 units and incurs the following actual costs.
direct materials purchased and used (1,850 pounds) $4,070
direct labor (620 hours) $7,130

compute the total, price, and quantity variances for materials and labor. identify whether the variance is favorable or unfavorable