Materials Item Per unit Cost Metal 1 lb. 63 per lb. Plastic 12 oz. $1.00 per lb. Rubber 4 oz. 884 per lb. Direct labor Item Per unit Cost Labor 15 min. $9.00 per hr. Predetermined overhead rate based on direct labor hours = $4.11 The January figures for purchasing, production, and labor are: The company purchased 225,900 pounds of raw materials in January at a cost of 794 a pound. Production used 225,900 pounds of raw materials to make 114,000 units in January. Direct labor spent 18 minutes on each product at a cost of $8.80 per hour. Overhead costs for January totaled $50,605 variable and $71,000 fixed. What is the materials price variance? (Round per unit calculations to 2 decimal places, eg. 1.25 and final answer to deciml places eg. 125.) Materials price variance 3,939 Favorable What is the total materials variance? (Round per unit calculations to 2 decimal places, eg. 1.25 and final answer to decimal places, eg. 125.) Total materials variance $ 5,619 Favorable What is the labor price variance? (Round per unit calculations to 2 decimal places, eg. 1.25 and final answer to decimal places, eg. 125.) Labor price variance 72.960 Favorable What is the total labor variance? (Round per unit calculations to 2 decimal places, eg. 1.25 and final answer to decimal p 125.) Total labor variance $