Questions 4-6 are based on the following: Greer Corp provides the following standard cost data:

	Standard quantity	Standard price
Direct materials	20 lbs.	$16
Direct labor	24 hours	$40

Actual performance was as follows: Greer used 39,000 lbs. of direct material, which it purchased at $17 per lb. It used 49,000 hours of labor, paying them $39.50 an hour. Greer produced 2,000 units of output.

Q1, The direct labor price variance is

Group of answer choices

$40,000 Unfavorable

$15,500 Favorable

$39,000 Unfavorable

$24,500 Favorable

Q2.

The direct labor efficiency variance is

Group of answer choices

$40,000 Unfavorable

$15,000 Unfavorable

$16,000 Favorable

$24,500 Favorable

Q3.

The direct material flexible budget variance is

Group of answer choices

$23,000 favorable

$39,000 Unfavorable

$23,000 Unfavorable

$16,000 Favorable