Acme Inc. has the following information available: Actual price paid for material $0.900 Standard price for material $0.625 Actual quantity purchased and used in production i 90 Standard quantity for units produced 60 Actual labor rate per hour $16 Standard labor rate per hour $13 Actual hours 190 200 Standard hours for units produced Compute the material price and quantity, and the labor rate and efficiency variances. Round your answers to two decimal places. Enter all amounts as positive numbers. Material price variance Material quantity variance Labor rate variance Labor efficiency variance Unfavorable Unfavorable Unfavorable Favorable Acme Inc. has the following information available: Actual price paid for material $0.900 Standard price for material $0.625 Actual quantity purchased and used in production i 90 Standard quantity for units produced 60 Actual labor rate per hour $16 Standard labor rate per hour $13 Actual hours 190 200 Standard hours for units produced Compute the material price and quantity, and the labor rate and efficiency variances. Round your answers to two decimal places. Enter all amounts as positive numbers. Material price variance Material quantity variance Labor rate variance Labor efficiency variance Unfavorable Unfavorable Unfavorable Favorable