SCHD Corporation has a standard costing system. The following data are available for April: 24,000 pounds $6.00 per pound Actual quantity of direct materials purchased Standard price of direct materials Materials price variance Materials usage variance $6,000 Unfavorable $2,400 Favorable The actual price per pound of direct materials purchased in April was: $6.10 per pound $5.90 per pound $6,25 per pound $6,30 per pound None of the above Bella Company manufactures fabric masks. The following information relates to the company's purchases and usage of materials for June: 12,000 yards 10,000 yards Materials purchased Materials used in production Standard materials allowed for masks produced 10,800 yards The company's materials price variance for June was $3,000 favorable. Its materials usage variance for June was $5,000 favorable. What was the company's standard price per yard of material for its masks in June? O $5.75 per yard O $6,50 per yard O $6.00 per yard $6.25 per yard None of the above A favorable direct labor efficiency variance indicates: the division paid a lower wage rate for direct labor than was planned O the division paid a higher wage rate for direct labor than was planned fewer direct labor hours were used in production than were planned for actual output more direct labor hours were used in production than were planned for actual output None of the above