QUESTION 1 2 p Garland Company uses a standard cost system. The standard for each finished unit of product allows for 3 pounds of plastic at $0.7 per pound. During December, Garland bought 4400 pounds of plastic at $0.77 per pound, and used 4000 pounds in the production of 1300 finished units of product. What is the direct materials purchase price variance for the month of December? Please indicate an unfavorable or favorable variance with "u" or "Y", respectively, NewTone, Inc makes MP3 players and uses standard costing. They recently used 20.000 labor hours to produce 8,000 units. They originally budgeted 20,000 hours to produce 9,000 units with payroll of $338,000. The company's actual payroll cost amounted to $300,000. What was the direct labor efficiency variance? Please round to the nearest dollar at the end of your calculations. Also, type " for unfavorable or for favorable to indicate the direction of the variance. New Tone, Inc makes MP3 players and uses standard costing. They recently used 20,000 labor hours to produce 7,000 units. They originally budgeted 21,000 hours to produce 9,000 units with payroll of $331,000. The company's actual payroll cost amounted to $291,000. What was the direct labor rate variance? Please round to the nearest dollar at the end of your calculations. Also, type 'for unfavorable or " for favorable to indicate the direction of the varianco