Bryan Company employs a standard cost system in which direct materials inventory is carried at standard cost. Bryan has established the following standards for the prime costs of one unit of product:

standard quantity standard price standard cost

Direct material 6 lbs $3.50/ lbs 21.00

direct labor 1.3 hours 11.00 hour 14.30

35.30

During March, Bryan purchased 165,000 pounds of direct material at a total cost of $585,750. The total factory wages for March were $400,000, 90 percent of which were for direct labor. Bryan manufactured 25,000 units of product during March using 151,000 pounds of direct material and 32,000 direct labor hours. show work below

I. The price variance for the direct material acquired by the company during March is: A) $7,550 favorable. B) $8,250 unfavorable. C) $7,550 unfavorable. D) $8,250 favorable.

II. The direct labor rate variance for March is: A) $ 8,000 favorable. B) $48,000 unfavorable. C) $ 8,000 unfavorable. D) $48,000 favorable.