15. If a company assigns factory labor to production at a cost of $84,000 when standard cost is $80,000, it will A) debit Labor Price Variance for $4,000. B) credit Labor Price Variance for $4,000. C) debit Labor Quantity Variance for $4,000. D) credit Labor Quantity Variance for $4,000. 16. A company uses 20,000 pounds of materials for which it paid $6.00 a pound. The materials price variance was $15,000 unfavorable. What is the standard price per pound? A) $0.75 B) $5.25 C) $6.00 D) $6.75