Problem 1 Queen Company manufactures latex surgical gloves. Most processing is done by machines, which can produce 400 pairs of gloves per hour. Each pair of gloves requires 0.85 square foot of latex which has a standard price of P 0.80 per square foot. Machine operators are considered direct labor and are paid P 25 per hour. . During one week in May, Queen produced 30,000 pairs of gloves and experienced a P 1,500 unfavorable material quantity variance. The company had purchased 1,500 more square feet of material than had been used in production that week. The unfavorable material price variance for the week was P 570. A P 104 favorable total labor variance was generated based on 77 total actual labor hours to produce the gloves. Determine the following amounts. Standard quantity of material for production achieved b. Actual quantity of material used Actual quantity of material purchased d. Actual price of material purchased e. Standard hours allowed for production f. Labor efficiency variance g. Labor rate variance h. Actual labor rate a. c