Lex Company has established the following standards: Standard Quantity or Hours Direct material 8 feet Direct labor 4 DLHS Variable overhead 4 DLHS Standard Price or Rate $10 per foot $15 per DLH S3 per DLH Standard Cost S80 per unit S60 per unit S12 per unit Actual production data for the past year was as follows: Units produced 5,000 Direct materials used 38,000 feet Direct material purchased 45,000 feet at a total cost of $472,500 Direct labor cost 21,000 DLHs at a total cost of $304,500 Variable overhead cost $56,700 Variable overhead is assigned on the basis of direct labor hours. The direct material price variance is: O $22,500 favorable. O None of the other answers are correct. $22,500 unfavorable. $19,000 favorable. $19,000 favorable. The direct material quantity variance is: None of the other answers are correct. $50,000 favorable. $20,000 unfavorable. $50,000 unfavorable. $20,000 favorable. The direct labor rate variance is: $10,500 unfavorable. None of the other answers is correct. $10,500 favorable. $4,500 favorable. $4,500 unfavorable. The direct labor efficiency variance is: O $15,000 unfavorable. None of the other answers is correct. $15,000 favorable. O$25,000 unfavorable. $25,000 favorable. The TOTAL variable overhead variance is: $3,000 unfavorable. $3,300 unfavorable. $3,000 favorable. $3,300 favorable. None of the other answers is correct. The entry to record the purchase of direct materials includes a debit to: Work in Process Inventory for $380,000. Work in Process Inventory for $400,000. O Raw Materials Inventory for $450,000. None of the other answers are correct. O Raw Materials Inventory for $380,000