Per unit Waterways Corporation uses very stringent standard costs in evaluating its manufacturing efficiency. These standards are not "ideal" at this point, but the management is working toward that as a goal. At present, the company uses the following standards. Materials Item Cost Metal 1 lb. 63 per lb. Plastic 12 oz. $1.00 per Ib. Rubber 88 per Ib. Direct labor Item Per unit Cost 15 min. $8.00 per hr. Predetermined overhead rate based on direct labor hours - $4.56 4OZ Labor The January figures for purchasing, production, and labor are: The company purchased 215,900 pounds of raw materials in January at a cost of 78 a pound Production used 215,900 pounds of raw materials to make 109,000 units in January Direct labor spent 18 minutes on each product at a cost of $7.90 per hour. Overhead costs for January totaled $54,517 variable and $75,000 fixed. Answer the following questions about standard costs. What is the materials price variance? (Round per unit calculations to 2 decimal places, eg. 1.25 and final answer to decimal places, es. 125.) Materials price variance $ What is the materials quantity variance? (Round per unit calculations to 2 decimal places, e8. 1.25 and final answer to decimal places, es. 125.) Materials quantity variance $ . eTextbook and Media What is the total materials variance? (Round per unit calculations to 2 decimal places, es 125 and final answer to decimal places, es, 125) Total materials variance $ e Textbook and Media What is the labor price variance? (Round per unit calculations to 2 decimal places, c-. 1.25 and final answer to decimal places, c.8. 125.) Labor price variance $ e Textbook and Media What is the labor quantity variance? (Round per unit calculations to 2 decimal places, eg. 1.25 and final answer to decimal places, es. 125.) Labor quantity variance $ e Textbook and Media What is the total labor variance? (Round per unit calculations to 2 decimal places es 125 and final answer to O decimal places, eg. 125) Total labor variance $ e Textbook and Media What is the total overhead variance? (Round per unit calculations to 2 decimal places, s. 125 and final answer to decimal places, 28. 125.) Total overheid variance $ e Textbook and Media