Current Attempt in Progress The following direct materials data pertain to the operations of Ayayal Co, for the month of December. The standard cost card shows that a finished product contains 4 pounds of material5. The 17,400 pounds were purchased in December at a discount of 4% from the standard price. In December, 4,210 units of finished product were manufactured. Calculate the materials variances. Identify whether each variance is favorable or unfavorable