Acme Inc. has the following information available: Actual price paid for material Standard price for material Actual quantity purchased and used in production Standard quantity for units produced Actual labor rate per hour Standard labor rate per hour Actual hours Standard hours for units produced $1.00 $1.10 110 140 $14 $15 200 230 A. Compute the material price and quantity, and the labor rate and efficiency variances. Enter all amounts as positive numbers. Material price variance Material quantity variance Labor rate variance Labor efficiency variance +A +A A +A Favorable Favorable Favorable Favorable B. What are some possible causes for this combination of favorable and unfavorable variances? We paid less for our raw material, and assembly took fewer ho