Sheldon Company manufactures only one product and uses a standard cost system. During the past month, manufacturing operations for the company had the following variances: direct labor rate variance =$55,500 favorable (F); direct labor efficiency variance = $74,000 unfavorable. Sheldon allows 4 standard direct labor hours per unit produced, and its standard direct labor hourly pay rate is $50. During the month, the company used 20% more direct labor hours than the standard allowed for the units produced. How many units of the product were produced during the past month? 2,220 1.850. 2,590 2,960. 3,700. Question 5 3 pts For control purposes, it is usually preferable to calculate the materials price variance: At point of production (i.e. when the materials are issued to production). Only if it is controllable by operating managers. At point of purchase (l.e, when the materiats are purchased). Only if the materials quantity variance is significant in amount. At the end of the accounting period