Dillon Company produces coats. Each coat has a standard requiring 8 yards of fabric at a cost of $6.25 per yard. The standard for direct labor is 2 hours per coat at a pay rate of $19 per hour. During the year Dillon produced 40,000 coats. Actual fabric purchased and used was 275,000 yards at 56.10 per yard. Actual direct labor was 81,000 hours at $18.50 per hour. Choose Choose Choose... Compute the materials price variance. is the material price variance favorable or unfavorable? Compute the materials quantity variance, Is the materials quantity variance favorable or unfavorable? Choose Compute the labor rate variance. Is the labor rate variance favorable or unfavorable? Compute the labor efficiency variance. Choose.. In the labor efficiency variance favorable or unfavorable? Choose... Choose Choose