During June, Keating Company produced 11,000 rain ponchos using nylon. Nylon costed $0.80 per yard, which is $0.10 cheaper than the standard cost. It also used 6,000 direct labor hours at a rate of $13.00. Its direct materials standard is 2 yards p labor standard is 0.50 hour per poncho. Its materials usage variance was a favorable $1,800, and its labor rate variance was a favorable $1,200. Required: Complete the following: (Round the rates to two decimal places.) A. The actual quantity of materials used is B. The standard labor rate is $ C. The materials price variance is $ D. The labor efficiency variance is $ per hour. E. Record the entries for the purchase of materials, the issuance and usage of materials, and the labor variances. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0". (1) (2) (3) F. Provide the closing entries for the variances. Close unfavorable variances first, and favorable variances second. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0".