QUESTION 22 ABC Company uses a standard cost system to account for the costs of its production of Product X Standards are 2 pounds of materials at $ 10 per pound and Shours of labor at a standard wage rate of $15. During July, ABC Company produced 1.000 Product X. ABC Company purchased and used totaled 2200 pounds materials at a total cost of $19.800. Payroll totaled 576,800 for 4,800 hours worked. What is the direct materials price variance? 52,000 untavorable $2.200 favorable O $4,800 untavorable 53,000 favorable QUESTION 23 Refer to Question 22 (ABC Company). What is the direct materials quantity variance? $3,000 favorable $4,800 unfavorable $2,200 favorable $2,000 unfavorable Refer to Question 22 (ABC Company). What is the direct labor rate variance? O $4,800 unfavorable O $3,000 favorable O $2,000 unfavorable $2,200 favorable QUESTION 25 Refer to Question 22 (ABC Company). What is the direct labor efficiency variance? $2,200 favorable O $3,000 favorable O $2,000 unfavorable O $4,800 unfavorable