Tiger, Inc During the Last Period, the Company Operated at 80% of on 60,000

Tiger, Inc., has developed the following standard cost data based on 60,000 direct labor hours, which is 75% of capacity:
$\begin{array}{lr} & \underline{\text { Per Unit }} \\\text { Direct materials (6lbs. } @, \$ 2 / l \mathrm{~b} .) & \$ 12 \\\text { Direct labor (1hrs. } @ 8 / \mathrm{hr} \text {.) } & 8\end{array}$ During the last period, the company operated at 80% of capacity and produced 128,000 units.Actual costs were:
$\begin{array} { l r } \text { Direct materials } ( 760,000 \mathrm { lbs } . ) & \$ 1,558,000 \\\text { Direct labor (126,000 hrs.) } & 1,014,300\end{array}$
Determine the direct materials price and quantity variances and the direct labor rate and efficiency variances.Indicate whether each variance is favorable or unfavorable.