Question 7 (1 point) Wood Fine, a maker of high-quality furniture, budgeted to purchase and use 4,000 pounds of wood @$1.50 per pound during March. It budgeted for the production of 800 tables during the same period. Actual purchase and use during March was 4,500 pounds of wood @$1.60 per pound. During the month, 820 tables were produced. 1. Determine the DM quantity variance for March 2. Determine the DM price variance for March Question 8 (1 point) Information on Hanley's direct labor costs for April is as follows: Actual direct labor rate - $7.50/hour Budgeted hours - 11,000 hours Actual hours - 10,000 hours Direct labor rate variance - $5,500 (F) 1. Determine Hanley's budgeted direct labor rate per hour for March. Question 9 (1/2 point) An unfavorable direct labor efficiency variable would probably occur when a workers are overpaid b. workers are inexperienced c. workers are experienced d. workers are given superior quality material to work with