EA12. LO 8.5 Acme Inc. has the following information available: Actual price paid for material $1.00 Standard price for material $1.20 Actual quantity purchased and used in production 100 Standard quantity for units produced 110 Actual labor rate per hour $ 15 Standard labor rate per hour $ 16 Actual hours 200 Standard hours for units produced 220 A. Compute the material price B. Compute quantity C. Compute labor rate, and D. Compute efficiency variances. E. Describe the possible causes for this combination of favorable and unfavorable variances