3)Quantity variance

4)Price variance

5)Rate variance

6) Effiency Variance

plz show problem worked out

Use the following data to answer 3) and 4). Materials Standard.................... ....7 pounds per unit produced Materials Standard.................. ...$7 per pound Actual materials used.............68,000 pounds for 10,000 units produced Actual materials used..................$7.30 per pound 3) Quantity Variance $ 4) Price Variance $ Use the following data to answer 5) and 6). Actual labor cost............................. $18.00 per hour Actual labor hours...... .. ..............10,700 hours for 3,500 units produced Standard labor hours per unit............ ..........3 hours Standard labor rate per hour............... ..........$18.20 5) Rate Variance $_ 6) Efficiency Variance $