Cannington Company Manufactures a Product That Has the Following Standard

Cannington Company manufactures a product that has the following standard costs:
$\begin{array} { | l | r | } \hline \begin{array} { l } \text { Direct materials: } 40 \text { yards at } \$ 2.70 \text { per } \\\text { yard }\end{array} & \$ 108 \\\hline \text { Direct labour: } 8 \text { hours at } \$ 18.00 \text { per hour } & 144 \\\hline \text { Total } & \$ 252 \\\hline\end{array}$ The following information pertains to July: Direct material purchased: 42,500 yards at $\$ 2.78$ per yard, or $\$ 118,150$
Direct material used: $36.000$ yards
Direct labour: 7,500 hours at $\$ 18.30$ per hour, or $\$ 137.250$
Actual completed production: $1.050$ units Required:
Calculate the direct-material price and quantity variances, and the direct-labour rate and efficiency variances. Indicate whether each variance is favourable or unfavourable.