Conserve Company produces storage containers. During the month of October, the company produced 5,000 containers using 8,000 units of materials and 10,000 direct labour hours. Materials were purchased at a cost of $10.00 per unit and the company incurred a labour rate of $14.00 per hour. For direct materials, the standard is 2 units of materials per storage container. For labour, the standard is 2.25 direct labour hours per storage container. At the end of the month, the company's accountant determined that the materials price variance was a favourable $16,000 and the labour rate variance was an unfavourable $2,000. Required: (A) What is the standard price per unit for materials? (B) What is the standard labour rate? (C) What is the materials usage variance? Is it favourable or unfavourable? (D) What is the labour efficiency variance? Is it favourable or unfavourable