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Assume the following: - The standard price per pound is $2.00. - The standard quantity of pounds allowed per unit of finished goods is 4 pounds. - The actual quantity of materials purchased and used in production is 51,000 pounds. - The actual purchase price per pound of materials was $2.25. - The company produced 13,000 units of finished goods during the period. What is the materials price variance? Multiple Choice $12,750 U $12,750F $13,260U $13,260F Assume the following: - The standard labor rate per hour is $17.50. - The standard labor-hours allowed per unit of finished goods is 3 hours. - The actual quantity of labor hours worked during the period was 44,000 hours. - The total actual direct labor cost for the period was $726,000. - The company produced 15,000 units of finished goods during the period. What is the labor rate variance? Multiple Choice $42,000U $42,000F $44,000U $44,000F Assume the following: - The variable portion of the predetermined overhead rate is $2.30 per direct labor-hour. - The standard labor-hours allowed per unit of finished goods is 3 hours. - The actual quantity of labor hours worked during the period was 44,000 hours. - The total actual variable manufacturing overhead cost for the period was $63,000. - The company produced 15,000 units of finished goods during the period. What is the variable overhead efficiency variance? Multiple Choice $2,300U $2,300F $2,231U $2,231F