ms C Company ABC Company has the following information available for the current year: Standard: Material Labor Cost Accounting Final Test Actual: Material Labor 3.5 feet per unit @ $2.60 per foot 5 direct labor hours @ $8.50 per hour 95,625 feet used @ $2.50 per foot 122,400 direct labor hours incurred @ $8.35 per hour 25,500 units were produced Refer to ABC Company. (1) Compute the material price and quantity variances. (2) Compute and efficiency variances. (8 pts) bon em to af200 al ali gatal any continued. the information from Problem 1, prepare the journal entries for this year's produ Subot