Question 15 The following labor standards have been established for Product F: Description Amount Standard labor hours per unit of output Standard labor rate 16 hours $12.75 per hour The following data pertain to actual operations concerning Product F for the last month: Description Amount Actual hours worked || 2,620 hours Actual total labor cost $27,510 Actual output 180 units Question What is the labor efficiency variance for the month? What is the labor rate variance for the month? Question 1 Answers - Select One $2,730 favorable $2,730 unfavorable $3,315 favorable $3,315 unfavorable Question 2 Answers - Select One $5,895 favorable $5,895 unfavorable $6,480 favorable $6,480 unfavorable Moving to another question will save this respon: Question 14 The following material standards have been established for Product C: Description Amount Standard quantity per units of output 40 feet Standard price $6.25 per foot The following data pertain to actual operations concerning Product C for the last month: Description Amount Actual materials purchased 7,000 feet Actual cost of materials purchased || $45,500 | Actual materials used in production ||6,700 feet Actual output 160 units Question Il calar. Var A What is the materials quantity variance for the month? What is the materials price variance for the month? Question 1 Answers - Select One $1,875 favorable $1,875 unfavorable $3,750 favorable $3,750 unfavorable Question 2 Answers - Select One $1,675 favorable $1,675 unfavorable $1,750 favorable $1,750 unfavorable A Moving to another question will save this response