QUESTION 1 Actual results 20,000 units produced and sold Direct materials: 62,300 units of Budget data 19,000 units planned Direct materials: 3 units of input input purchased and used @ $29 per input unit $1,806,700 allowed per output unit @ $30 per input unit $90 Direct labor: 51,500 hours used Direct labor: 2.5 hours of input per output unit @ $21.50 per hour allowed per output unit @ $20 1,107,250 per hour 50 For the above data provide (with work shown) 1. Material Price Variance? 2. Materials Total Cost Variance? 3. Labor Price Variance? 4. Labor Efficiency Variance?