QUESTION 1 Kool-Time Corporation installs swimming pools. The following cost information for one pool is as follows: Direct Materials 7,000 cubic feet of gunite at $2 a cubic foot Direct Labor 400 hours at $12 an hour This month they have installed 5 pools. The actual costs are as follows: Direct Materials purchased and used 36,000 cubic feet of gunite with a total cost of $75,600 Direct Labor 1,900 hours at a total payroll cost of $23,750 1. Calculate the direct material price variance. A. 3,600 Unfavorable B.2,050 Unfavorable C. 3,600 Favorable D.A. 2,050 Favorabale QUESTION 2 2. Using the information in number 1 calculate the direct material quantity variance. OA 3,000 Favorable B. 3,000 Unfavorable C. 2,000 Favorable D.2,000 Unfavorable QUESTION 3 3. Using the information above calculate the total direct material cost variance. A. 5,050 Unfavorable B. 5,600 Favorable C. 5,050 Favorable D. 5,600 Unfavorable