QUESTION 2 Health Care International has set the following standards for their n95 masks Std Qty or Hrs Std Rate or Price Direct materials 7.7 ounces per mask $8.50 per ounce Direct labor ,4 hrs per mask $19.50 per hour Variable Overhead 4 hrs per mask $6.25 per hour The actual results ae as follows: Actual output 5,800 masks Raw materials purchased 45,500 ounces Raw materials used in production 45,000 ounces Actual price raw materials $8.75 per ounce Actual direct labor hours 2,500 hours Actual direct labor rate $19.25 per hour Actual variable overhead rate $4.50 per hour Use this data to answer the following questions - DO NOT INCLUDE NEGATIVE SIGNS IN YOUR ANSWER What is the materials price variance (number only)? Is the above variance favorable or unfavorable (F or U)? What is the materials efficiency variance (number only? Is the above variance favorable or unfavorable (F or U)? What is the labor rate variance (number only? Is the above variance favorable or unfavorable (F or U)? What is the labor efficiency variance (number only)? Is the above variance favorable or unfavorable (For U)? Click Save and Submit to save and submit. Click Save All Answers to save all answers. MacBook A