Direct material quantity =0,4 meter per mat Direct material cost =$3,10 per meter Direct labor houl =0,2 hour per mat Direct labor cosi =$9,20 per hour Standard variable overhead rate =$1,50 per direct labor hour Standard fixed overhead rate $0,80 per direct labor hour During the year 60,000 mats were produced and sold. Actual cost information is given below. Direct material quantity =25,200 meters in total Direct material cost =$73,080 in total Direct labor hour =10,800 hours in total Direct labor cost =$95,040 in total Actual variable overhead =$18,200 Actual fixed overhead $10,000 Normal monthly capacity for the year has been set at 58,000 doormats. Budgeted fixed manufacturing overhead for the period was $9,280. a. Calculate direct material price variance. b. State whether the variance is favorable or unfavorable. C. Suggest possible causes for the variance. (7pts)