Allen Boating Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. Allen uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows Direct materials: 1 pound per unit, $12 per pound Direct labor. 4 hours per unit $ 16 per hour Allen produced 3,000 units during the quarter. At the end of the quarter, an examination of the direct materials records showed that the company used 7 500 pounds of direct materials and actual total materials costs were $98.700 What is the direct materials efficiency variance? . A. $36,000 F B. $54,000 F O c. $36,000 U OD. $54,000 U Aaron, Inc. estimates direct labor costs and manufacturing overhead costs for the coming year to be $750,000 and $530,000. respectively Aaron allocates overhead costs based on machine hours. The estimated total labor hours and machine hours for the coming year are 20.000 hours and 7,000 hours, respectively. What is the predetermined overhead allocation rate? (Round your answer to the nearest cent.) O A. $107.14 per machine hour B. $75.71 per machine hour C. $1.42 per labor hour D. $26.50 per labor hour