1. - 20 points The following data apply to Shakespeare company for November, when 6 000 finished units were produced: Materials used Standard materials per finished unit Materials purchased Direct labour Standard labour per finished unit 29 500 pounds 5 pounds at $8,2 per pound 40 000 pounds at $8 per pound 17 300 hours at a total cost of $ 79 000 3 hours at $ 4,5 per hour Compute the materials and labour variances. Indicate whether each is favourable or unfavourable