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Use the following information for the next three questions: The Islay Company has established standards as follows: Direct materials: 2 sq. yds. @ $5/sq. yd. = $10 per unit Direct labor: 1.5 hrs. @ $8/hr. = $12 per unit Actual production figures for the past month are given below. The company recognizes the materials price variance when materials are purchased. Units produced 6,000 Direct materials purchased and used (12,500 sq. yds.) $64,000 Direct labor cost (8,800 hrs.) $73,000 19. The direct labor efficiency variance was: a. $1,600 F b. $2,600 U C . $1,000 U d. $1,000 F 20. The direct materials price variance was: a. $34,000U b . $ 4,000U C. $ 1,500U d. $ 1,50OF 21. Suppose Islay Company has an unfavorable direct materials quantity variance. Which of the following would not be a reason for this variance? a. A machine malfunction ruined some materials. b. New employees wasted more materials than the standard allowed. C. Production was greater than expected, so more materials were used. d. Materials of lower quality than standard were purchased and used