Bella Company manufactures fabric masks. The following information relates to the company's purchases and usage of materials for June: Materials purchased 12,000 yards Materials used in 10,000 yards production Standard materials allowed for masks 10,800 yards produced The company's materials price variance for June was $3,000 favorable. Its materials usage variance for June was $5,000 favorable. What was the company's standard price per yard of material for its masks in June? O $5.75 per yard O $6.50 per yard O $6,00 per yard O $6.25 per yard None of the above A favorable direct labor efficiency variance indicates: O the division paid a lower wage rate for direct labor than was planned O the division paid a higher wage rate for direct labor than was planned O fewer direct labor hours were used in production than were planned for actual output O more direct labor hours were used in production than were planned for actual output O None of the above The first stage of ABC entails the assignment of: O resource costs to departments or divisions activity costs to cost objects resource costs to a plantwide pool resource costs to distribution channels O resource costs to individual activities