Columbus Company provides the following standard cost data:

Direct Material (3 gallons @ $5 per gallon)$15

Direct Labor (2 hours @ $12 per hour)$24

During the period, Columbus Company produced and sold 24,000 units.Following are the amounts of material and labor used to produce the 24,000 units, and their respective actual costs:

Direct Material:71,500 gallons at $5.05 per gallon

Direct Labor:49,000 hours at $12.00 per hour

Circle (or highlight) the correct answer.

a.The Direct Material price variance was: [3 points]

A) Favorable

B) Unfavorable

C) 0

b.The Direct Material usage variance was: [3 points]

A) F

B) U

C) 0

c.The Direct Labor rate variance was: [3 points]

A) F

B) U

C) 0

d.The Direct Labor efficiency variance was: [3 points]

A) F

B) U

C) 0