Elvis Company uses a standard cost system. The following information for new materials for Product A is provided for the month of November: What is the materials purchase price variance? $9,600 unfavorable $9,800 unfavorable $ 10,000 unfavorable $10,000 favorable Fonseca Corporation uses a standard cost system. Direct labor information for Product I-2 for the month of March is as follows. Standard rate $11.50 per hour Actual rate paid $10.75 per hour Standard hours allowed for actual production 1,500 hours Labor efficiency variance What are the actual hours worked (rounded to the nearest whole hour? 1,535 1,500 1,435 1,605 Elvis Company uses a standard cost system. The following information for new materials for Product A is provided for the month of November: What is the materials purchase price variance? $9,600 unfavorable $9,800 unfavorable $ 10,000 unfavorable $10,000 favorable Fonseca Corporation uses a standard cost system. Direct labor information for Product I-2 for the month of March is as follows. Standard rate $11.50 per hour Actual rate paid $10.75 per hour Standard hours allowed for actual production 1,500 hours Labor efficiency variance What are the actual hours worked (rounded to the nearest whole hour? 1,535 1,500 1,435 1,605