Davis Blkes Inc. manufactures bicycles for sporting and everyday use. Davis uses a standard costing system to better manage its operations. For 2022 , the matetlal price variance was $8,500 unfavorable, material usage variance was $2,300 tavorable, labor tate variance was $6,200 favorable, and labor efficiency vatlance was $5,900 unfavorable. Which of the following statements is most true? Mulbple Choice immediately and made the rate change effective March 1 The company lonew ther employes were undorpoid but did not plan on increasing rates unt 2023 decrease in the purchase price of te seats fions the supplier trownawoy