My questions are posted

5. (28 points) The following standard costs were developed for one of the products of Harper Company STANDARD COST CARD PER UNIT Materials: 4 lbs. x $10 per lb Direct labor: 2 hours x $15 per hour Variable overhead: 2 hours x $8 per hour Fixed overhead: 2 hours x $12 per hour $40.00 30.00 16.00 24.00 Total standard cost per unit $110,00 The following information is available regarding the company's operations for the period. Units produced Materials purchased and used Actual direct labor costs 3,000 lbs. $11 per lb 21,000 hours costing $294,000 Required: a. Calculate the direct materials price variance. b. Calculate the direct materials quantity variance. c. Calculate the direct labor rate variance. ( 10)X Rooo-L Rio: h _A 094c 0-1 ,093 980 Calculate the direct labor efficiency (time) variance. B-A d