Krueger Corporation recently implemented a standard cost system. The company's cost accountant has gathered the following information needed to perform a variance analysis at the end of the month: Instructions: Compute the direct materials price variance, given an actual price of $4.50 per pound ($468,000/104,000 pounds) Compute the materials quantity variance, given a standard quantity of 100,00 pounds allowed to produce 1,000 units (1,000 units * 100 pounds per unit) Compute the labor rate variance, given an actual labor rate of $20.75 per hour ($46, 480/2, 240 hours). Compute the labor efficiency variance