show evidence

1) The following materials standards have been established for a particular product: $ Standard quantity per unit of output 5.3 meters Standard price 17.20 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased 8,100 meters Actual cost of materials purchased $ 141,345 Actual materials used in production 7,600 meters Actual output 1,400 units What is the materials price variance for the month? A) $3,141 U B) $2,025 U C) $8,600 U D) $8,725 U 2) Zanny Electronics Corporation uses a standard cost system for the production of its water ski radios. The direct labor standard for each radio is 0.9 hours. The standard direct labor cost per hour is 7.20. During the month of August, Zanny's water ski radio production used 6,600 direct labor-hours at a total direct labor cost of $48,708. This resulted in production of 6,900 water ski radios for August. What is Zanny's labor rate variance for August? A) $972 Favorable B) $1,188 Unfavorable C) $2,160 Favorable D) $2,808 Unfavorable