D Question 5 1 pts Hanson Inc. has the following direct material standard to manufacture one Widget 1.5 pounds per Widget at $4.00 per pound Last week, 1.900 pounds of material were purchased and 1,650 pounds of material was used to make 1,000 Widgets. The material cost a total of $7,220. Note: The quantity purchased was not the same as quantity used. You will need to use quantity purchased as "actual quantity" for the price variance. You will need to use quantity used as "actual quantity" for the quantity variance. a. Compute the Materials Price Variance [Select] b. Compute the Materials Quantity Variance Select] Question 6 2 pts Yoder Enterprises' actual production for the period required 2.000 standard direct labor hours. Actual fixed overhead for the period was $14,600. The budgeted fixed overhead was $14,450. The predetermined fixed overhead rate was $7 per direct labor hour. a Compute the FMOH budget variance. Select 1 b. Compute the FMOH volume variance. Select) Question 1 1 pts Match the items on the left with the definitions on the right. Standard Price Per Unit of Material Standard Quantity Per Unit of Product Choose The labor rate that should be paid based on the mix of skills and training required for the job The labor time that should be required to make a unit of product (determined by time and motion studies) The quantity of material that should go into the product per the bill of materials The amount of allocation base (often labor hours or machine hours) that should be required to make one unit of product The variable portion of the predetermined overhead rato Final, delivered cost of material, not of discounts The labor rate that should be Standard Labor Rate Per Hour Standard Labor Hours Per Unit of Product I Choose Standard Variable Manufacturing Overhead Rate Choose Standard Allocation Base Per Unit of Product Choose