Jackson Industries uses a standard cost system in which direct materials inventory is carried at standard cost. Jackson has established the following standards for one unit of product.

	Standard Quantity	Standard Price or Rate	Standard Cost
Direct Materials	5 pounds	$3.60 per pound	$18.00
Direct Labor	1.25 hours	$12.00 per hour	$15.00

During May, Jackson purchased 125,000 pounds of direct material at a total cost of $475,000. The total factory wages for May were $364,000, 90 percent of which were for direct labor. Jackson manufactured 22,000 units of product during May using 108,000 pounds of direct material and 28,000 direct labor-hours.

The price variance for the direct material acquired by Jackson Industries during May is: A. $21,600 Favorable B. $25,000 Unfavorable C. $28,000 Favorable D. $21,600 Unfavorable

The materials quantity variance for May is: A. $7,200 Unfavorable B. $7,600 Favorable C. $5,850 Unfavorable D. $7,200 Favorable

The labor rate variance for May is: A. $8,400 Favorable B. $7,200 Unfavorable C. $8,400 Unfavorable D. $6,000 Favorable

The labor efficiency variance for May is: A. $5,850 Favorable B. $7,200 Favorable C. $6,000 Unfavorable D. $5,850 Unfavorable