Assume the following: - The standard labor rate per hour is $17.25. - The standard labor-hours allowed per unit of finished goods is 3 hours. - The actual quantity of labor hours worked during the period was 44,000 hours. - The total actual direct labor cost for the period was $726,000. - The company produced 15,000 units of finished goods during the period. What is the labor rate variance? Multiple Choice $31,000U $31,000F $33,000F $33,000 Assume the following: - The standard price per pound is $2.05. - The standard quantity of pounds allowed per unit of finished goods is 4 pounds. - The actual quantity of materials purchased and used in production is 50,500 pounds. - The actual purchase price per pound of materials was $2.25. - The company produced 13,000 units of finished goods during the period. What is the materials quantity variance? Multiple Choice $3,075F $3,375U $3,075U $3,375F