Question 1 3 pts Patriot Company produces flak packets for military use. The company recently adopted a standard costing system and set the following standards for materials knowns Ballistic Nylon Direct material standards: ? yards of nylon $4 per yard $32 per unit During the most recent month, Patriot produced 5,500 units of fak jackets. Actual materials purchased and used were 40,000 yards of nylon at the price of $3.80 pervard What are the (1) direct material price variance and (2) direct material quantity usage) varlance? 001) $8,000 U. (27516,000 F (1) $16.000 .0258.800 F (13516.800 123 58.300 F 01 58.000 F: $16.000 F