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Geschke Corporation, which produces commercial safes, has provided the following data: 8,500 safes Budgeted production Standard machine-hours per safe Standard supplies cost Actual production Actual machine-hours Actual supplies cost 9.1 machine-hours $ 1.70 per machine-hour 8,700 safes 79,100 machine-hours $123,642 Supplies cost is an element of variable manufacturing overhead. The variable overhead efficiency variance for supplies is closest to: Multiple Choice $10,947 F $119 U $10,947 U $119 F The Bowden Corporation makes a single product. Only one kind of direct material is used to make this product. The company uses a standard cost system. The company's cost records for June show the following data: Number of units produced Material price variance Material quantity variance Actual direct material purchased and used21,000 pounds Direct materials standard price 10,000 $ 8,400 Favorable $ 8,000 Unfavorable $ per pound There were no beginning inventories of direct materials. The actual cost of direct material was: Multiple Choice $8.12 per pound $8.00 per pound $760 per pound $7.42 per pound