Question 4 O pts Using the following information, calculate the Selling Price Variance. Please enter a positive number for the variance. You will not be able to indicate whether the variance is favorable or unfavorable in you answer. You will be asked for all 10 variances, so I recommend completing a Budget, Actual, and Flex for these facts. Then you can use that information to get each variance. Budgeted Direct Materials (6 lbs @ $2/lb) Actual Direct Materials Used Actual Units Actual Cost of Direct Materials Used Budgeted Direct Labor (2 hours @ $13/hour Actual Direct Labor Hours Actual Cost of Direct Labor Budgeted Units Budgeted Selling Price Actual Selling Price $12 per unit 243,000 lbs 40,000 units $500,580 $26 per unit 81,500 hours $1,100,250 35,000 $50 $45 Question 5 O pts Using the following information, calculate the Direct Materials Efficiency (Quantity) Variance. Please enter a positive number for the variance. You will not be able to indicate whether the variance is favorable or unfavorable in you answer. Budgeted Direct Materials (6 lbs @ $2/lb) $12 per unit Actual Direct Materials Used 243,000 lbs Actual Units 40,000 units Actual Cost of Direct Materials Used $500,580 Budgeted Direct Labor (2 hours @ $13/hour $26 per unit Actual Direct Labor Hours 81,500 hours Actual Cost of Direct Labor $1,100,250 Budgeted Units 35,000 Budgeted Selling Price $50 Actual Selling Price $45