Formulas: S-50 x Output ISHSH x Output Materials Price Variance - AQ X (AP-SP) Materials Quantity Variance - SP X (AQS Labor Rate Variance =AHAR SR Labor Emiciency Variance = SRX CAH-5 Collag Dillon Company produces coats. Each coat has a standard requiring Byards of fabricat a cost of 56.25 per yard. The standard for direct laboris 2 hours per costat 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 $1850 per hour Choose... Compute the materials price variance Choose is the material price variance favorable or unfavorable? Choose Compute the materials quantity variance, is the materials quantity variance favorable or unfavorable? Choose Choose Choose Compute the labor rate variance. Is the labor rate variante favorable or unfavorable? Compute the labor efficiency variance. is the labor efficiency variance favorable or unfavorable? Choose Choose