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IRCES Exercise 11-9 Star Band Uniforms uses a standard costing system. The standard material and labor costs for producing a marching band hat are as follows: Materials (0.90 yards x $12.00) $10.80 Direct labor (1.20 hours x $14.00) $16.80 During May, the company produced 3,550 band hats; 4,000 yards of material were purchased for $42,000, and 3,100 yards of material were used in production. Also during May, 4,450 direct labor hours were worked at a cost of $62,000. Calculate material price and quantity variances and labor rate and efficiency variances. Indicate whether the variances are favorable or unfavorable. (Round intermediate calculations to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 125. Enter all variances as a positive number.) Material Price Variance Material Quantity Variance (Part sion) Labor Rate Variance Labor Efficiency Variance s by Study LINK TO TEXT Question Attempts: 0 of 3 used SAVE FOR LATER SUBMIT