10.3 Shirt Company (from problem 10.2) had the following standard costs. Direct materials: 1.8 yards fabric per unit at $5.20 per yard Direct labor: 0.25 hours per unit at $10 per hour Using the data from 10.2 and assuming that Shirt Co actually used 14,800 yards of fabric, calculate the material price variance and material quantity variances. A. B. Using the data from 10.2 and assuming that Shirt Co's employees actually worked 1,920 hours, calculate the labor rate (price) variance and labor efficiency (quantity) variances. 10.3 Shirt Company (from problem 10.2) had the following standard costs. Direct materials: 1.8 yards fabric per unit at $5.20 per yard Direct labor: 0.25 hours per unit at $10 per hour Using the data from 10.2 and assuming that Shirt Co actually used 14,800 yards of fabric, calculate the material price variance and material quantity variances. A. B. Using the data from 10.2 and assuming that Shirt Co's employees actually worked 1,920 hours, calculate the labor rate (price) variance and labor efficiency (quantity) variances