QUESTION 54 Health Care Interational has set the following standards for their n95 masks Sid Qty or Hirs Std Rate or Price Direct materials 9.2 ounces per mask $6.75 per ounce recolabor 8 hrs per mask $32.40 per hour Vaal Overhead 8 hrs per mask $6.50 per hour sults are as follows: 3,500 masks materials purchased 34,000 ounces Raterials used in production 31,500 ounces Actual price raw materials $6.90 per ounce Actual direct labor hours 2,700 hours Actual direct labor rate $34.50 per hour Actual variable overhead rate $4.50 per hour 2000 counces materials used in production: 31,500 ounces Actual price raw materials 56.90 per ounce Actual direct labor hours 2,700 hours Actual direct labor rate $34.50 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 ANSWE 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)? re Is the above variance favorable or unfavorable (F or U)