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Help, please. I have test Problem 2 (10 points) Martin Racing Company gathered the following actual results for the current month: Actual amounts: Units produced

Help, please. I have test
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Problem 2 (10 points) Martin Racing Company gathered the following actual results for the current month: Actual amounts: Units produced 3,000 Direct materials purchased and used (5.400 lbs.) $21,600 Direct labor cost (4,600 hours) $36,800 Manufacturing overhead costs incurred $17,650 Budgeted production and standard costs were: Budgeted production Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead 3,500 units 2 lbs./unit at $4.25/1b. 1.5 hrs./unit at $7.50/hr. $5 per unit $21,000 What is the direct materials price variance? What is the direct materials efficiency variance? What is the direct labor price variance? What is the direct labor efficiency variance

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