1 February 's direct material price variance is: 2 The previous variance is unfavorable. true or false? 3 February 's direct material usage variance is: 4 The previous variance is unfavorable. true or false? 5 February 's direct manufacturing labor price variance is: 6 The previous variance is unfavorable.true or false? 7 February 's direct manufacturing labor efficiency variance is: 8 The previous variance is favorable. true or false?

Answer the following 8 questions using the information below: ArtlsFun Company manufactures 50-pound bags of confetti that have the following unit standard costs for direct materials and labor. Budgeted quantity Budgeted price per container Direct materials 50 pounds $8.50 per pound Direct labor 0.60 hours $22 per hour The following activities were recorded for es were recorded for February: 1,040 bags were manufactured 55,000 lbs. of materials costing $481,250 were purchased. 53,900 lbs. of materials were used in production $15,675 was paid for 660 hours of direct labor There were no beginning or ending work-in-process inventories