1) Given the following information: Actual units of direct materials used Actual direct materials costs $40,000 Standard price per unit of direct materials Direct material efficiency variance 20,000 $2.10 $3,000F What is the direct material price variance? a. $1,000F b. $1,000 U c $2,000 F d. $2,000 U Given the following information: Standard direct labor rate Actual direct labor rate Standard direct labor hours Direct labor efficiency variance $3.75 $3.50 10,000 $4,200 U What were the actual hours worked? a. 10,714 b. 11,120 c. 11,200 d. 11,914 3The materials efficiency variance is a. the difference between the actual cost of materials used and the standard cost of materials purchased. b. the difference between the actual cost of materials purchased and the standard cost of materials used c. primarily the responsibility of the production manager. d. Primarily the responsibility of the purchasing manager e both a and c