An unfavorable labor efficiency (quantity) variance indicates that: The actual labor rate was higher than the standard labor rate. The labor rate variance must also be unfavorable. Actual labor hours worked exceeded standard labor hours for the production level achieved Overtime labor was used during the period The standards for product G78V specify 4.1 direct labor-hours per unit at $12,10 per direct labor-hour. Last month 1,600 units of product G78V were produced using 6,600 direct labor-hours at a total direct labor wage cost of $77,220 What was the labor rate (price) variance for the month? What was the labor efficiency (quantity) variance for the month? The next two questions The following standards for variable manufacturing overhead have been established for a company that makes only one product: Standard hours per unit of output 6.2 hours Standard variable overhead rate $13.25 per hour The following data pertain to operations for the last month: Actual hours 8,200 hours Actual total variable overhead cost $109,470 Actual output 1,300 units What is the variable overhead spending variance for the month? What is the variable overhead efficiency variance for the month? Sales and average operating assets for Company P and Company Q are given below: What is the margin that each company will have to cam in order to generate a return on investment of 20%? Your Company's cost formula for its vehicle operating cost is $1,770 per month plus $48 snow-day. For the month of February, the company planned for activity of 19 snowdays, but the actual level of activity was 24 snow-days. The actual vehicle operating cost for the month was $13,070. What is the spending variance tor vehicle operating cost in February