The Manchester Corporation manufactures wooden pictures frames. In order to better manage costs, the Manchester Corporation had previously developed the following standards for the manufacture of its product: • Each unit should have 3/4 of a pound of direct materials purchased at $12 per pound. • Each unit should be produced in 48 minutes at a direct labor cost of $16 per hour. The company had the following detailed retails: Actual production was 20,000 units using 14,600 pounds of direct materials at a total cost of $168,000 and required 11,000 direct labor hours at a total cost of $190,000. 1. What is the company's "quantity" variance related to direct materials? Use a positive number to indicate a favorable variance or a negative number to indicate an unfavorable variance. 2. What is the company's "cost" variance related to direct materials? Use a positive number to indicate a favorable variance or a negative number to indicate an unfavorable variance. 3. What is the company's total variance related to direct materials? Use a positive number to indicate a favorable variance or a negative number to indicate an unfavorable variance.