Acme Inc. has the following information available:

Actual price paid for material$1.00Standard price for material$1.20Actual quantity purchased and used in production90Standard quantity for units produced110Actual labor rate per hour$15Standard labor rate per hour$17Actual hours190Standard hours for units produced210

A.Compute the material price and quantity, and the labor rate and efficiency variances. Enter all amounts as positive numbers.

Material price variance$fill in the blank 1

Material quantity variance$fill in the blank 3

Labor rate variance$fill in the blank 5

Labor efficiency variance$fill in the blank 7

B.What are some possible causes for this combination of favorable and unfavorable variances?