3) Company E makes a product that has the following direct labor standards: Standard direct labor hours Standard direct labor rate 2 hours per unit $ 15 per hour In January the company's budgeted production was 3,400 units but the actual output was 3,500 units. The company used 640 direct labor hours and the direct labor cost was $ 8,960. What is the labor efficiency variance? What is the labor rate variance? Company G has the following standard for direct materials. that has been established for a company bases on machine hours Standard quantity per unit of output Standard price 2.2 pounds $2 per pound Last month Actual output 3,000 units Actual pounds used 6,270 pounds Actual cost of pounds purchased $13,490 Actual number of pounds purchased 7,100 pounds What is the material quantity variance? What is the material price variance? Company has budgeted sales as follows June 9400 units 7800 units July 7300 units August 5400 units Sept 4100 units October Ending inventory should be 20% of next months sales in units a) What is September's beginning inventory b) How much should be producted in July