At the beginning of the year, Shults Company had the following standard cost sheet for one of its plastic products: The actual results for the year are as fallows: units product 350,000. Materials purchased 1, 860,000 pounds 55.10. Matricarias used 1, 850,000 pounds Direct labor:725,000 bound $11.85 Compute price and variables for materials. Compute the labor rate and labor efficiency variables