A company developed the following per-unit standards for its product: 2 pounds of direct materials at $10 per pound. Last month. 3500 pounds of direct materials were purchased for $13300. The direct materials price variance for last month was O $10850 favorable. O $13300 favorable. O $21700 unfavorable. O $21700 favorable. Save for Later Attempts: 0 of 1 used Submit Answer Current Attempt in Progress The per unit standards for direct materials are 2 gallons at $4 per gallon. Last month, 11600 gallons of direct materials that actually cost $42920 were used to produce 7000 units of product. The direct materials quantity variance for last month was O $9600 unfavorable. O $7200 favorable. O $5800 unfavorable. $9600 favorable. Save for Later Attempts: 0 of 1 used Submit Answer Current Attempt in Progress Concord Corporation has a materials price standard of $2.00 per pound, 4300 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 4300 pounds, although the standard quantity allowed for the output was 3700 pounds. Concord Corporation's materials price variance is $860 F 0 $120 U. $740 U. 0 $860 U. Save for later Attempts: 0 of 1 used Submit Answer Concord Corporation has a materials price standard of $2.00 per pound. 5400 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 5400 pounds, although the standard quantity allowed for the output was 5200 pounds. Concord Corporation's materials quantity variance is $440 U. 0 $400 U. $440 F. O $400 F. Save for Later Attempts: 0 of 1 used Submit Answer View Policies Current Attempt in Progress The per-unit standards for direct labor are 1.5 direct labor hours at $15 per hour. If in producing 3500 units, the actual direct labor cost was $72075 for 4650 direct labor hours worked, the total direct labor variance is $6675 unfavorable. $2025 unfavorable. $3500 unfavorable 56675 favorable. Save for Later Attempts: 0 of 1 used Submit Answer Bramble Corp. has a materials price standard of $2.00 per pound. 4600 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 4600 pounds, although the standard quantity allowed for the output was 4300 pounds. Bramble Corp.'s total materials variance is O $1580 F. $1520 F. $1520 U. 0 $1580 U. Save for Later Attempts: 0 of 1 used Submit Answer The standard rate of pay is $12 per direct labor hour. If the actual direct labor payroll was $54096 for 4600 direct labor hours worked, the direct labor price (rate) variance is $1104 unfavorable. $1200 unfavorable. $1200 favorable. O $1104 favorable. Save for Later Attempts: 0 of 1 used Submit Answer Clark Company manufactures a product with a standard direct labor cost of two hours at $18 per hour. During July, 2000 units were produced using 4400 hours at $18.30 per hour. The labor quantity variance was $7200U. $7320 F. 0 $7320. $6120 U. Save for Later Attempts: 0 of 1 used Submit