Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,650 pounds of material, $5.30; and standard costs for 4,410 pounds of material at $6.10 per pound. What is the direct materials price variance? Oa. $3,720 unfavorable Ob. $1,464 unfavorable Oc. $1,464 favorable Od. $3,720 favorable Use this information to answer the question that follow. The standard factory overhead rate is $7.50 per machine hour ($6.20 for variable factory overhead and $1.30 for fixed factory overhead) based on 100% of normal capacity of 80,000 machine hours. The standard cost and the actual cost of factory overhead for the production of 15,000 units during August were as follows: Actual: $360,000 Variable factory overhead Fixed factory overhead 104,000 Standard hours allowed for units produced: 60,000 hours What is the fixed factory overhead volume variance? Oa. $26,000 unfavorable Ob. $12,000 favorable Oc. $14,000 unfavorable Od. $12,000 unfavorable The following data relate to direct labor costs for the current period: Standard costs 7,400 hours at $11.80 Actual costs 6,400 hours at $10.70 What is the direct labor rate variance? Oa. a. $18,840 unfavorable Ob. $7,040 favorable Oc. $18,840 favorable Od. $11,800 favorable Use this information to answer the question that follow. The standard costs and actual costs for factory overhead for the manufacture of 2,500 units of actual production are as follows: Standard Costs Fixed overhead (based on 10,000 hours) 3 hours per unit @ $0.75 per hour Variable overhead 3 hours per unit @ $2.01 per hour Actual Costs Total variable cost, $17,800 Total fixed cost, $7,900 The fixed factory overhead volume variance is Oa. $1,650 unfavorable Ob. $1,320 favorable OC. $1,320 unfavorable Od. 50 Use this information to answer the question that follow. The following data relate to direct labor costs for February: Actual costs 7,700 hours at $14.00 7,000 hours at $16.00 Standard costs What is the direct labor rate variance? Oa. $15,400 unfavorable Ob. $15,400 favorable Oc. $14,000 unfavorable Od. $14,000 favorable