Assume the following: The standard price per pound is $2.00. 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 50,300 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 $3,400 U $3,400 F $3,825 U $3,825 F Assume the following: The standard labor rate per hour is $17.30. 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 $33,200 U $33,200 F $35,200 U $35,200 F Assume the following: The variable portion of the predetermined overhead rate is $1.40 per direct labor-hour. 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 variable manufacturing overhead cost for the period was $63,000. The company produced 15,000 units of finished goods during the period. What is the variable overhead efficiency variance? Multiple Choice $1,400 U $1,400 F $1,331 U $1,331 F