PDE SUMMER 2021 Final ACT 202.pc X + o File C:/Users/Saimon/Downloads/SUMMER%202021%20Final%20ACT%20202.pdf e : 6 of 6 Q (D Page view A Read aloud V Draw Highlight Erase G A 19 No.4 (15 Marks) The following standards have been established for a raw material used to make product 192: Standard quantity of the material per unit of output ... 4.5 pounds Standard cost of the material $63 per unit of product 192 Standard labor time per unit of output. 2.3 hours Standard labor rate $8 per hour The following data pertain to a recent month's operations: Actual material purchased ........ Actual cost of material purchased Actual material used in production Actual output Actual labor time. Actual labor rate.. 2,000 pounds $26,200 1,300 pounds 220 units of product 192 506 hours $8.5 per hour Required: a) What is the materials price and quantity variance for the month? b) What is the labor rate and efficiency variance for the month? Activate Windows Go to Settings to activate Windows, Type here to search j 87F Light rain 3:15 PM 9/19/2021 L