Sitka Industries uses a cost system that carries direct materials inventory at a standard cost. The controller has established these standards for one ladder (unit): Direct Material 600 pounds per unit at $8 per pound Direct Labor 50 hours per unit at $10 per hour StiKA expected to produce and sell 700 units for the month of May. SitKA actually produced and sold 680 units for the month. During the month, the company purchased 430,000 pounds of material for $3,277,000 and used 395,800 pounds in production. A total of 26,520 labor hours were worked during the month at a cost of $413,896. The direct materials price variance is: Question 11 options: $3,440,000 unfavorable $163,000 unfavorable $3,440,000 unfavorable $163,000 favorable The direct material quantity variance is: Question 12 options: $3,440,000 favorable $3,440,000 unfavorable $97,600 favorable $97,600 unfavorable The direct labor rate variance is: Question 13 options: $265,000 favorable $148,696 favorable $265,000 unfavorable $148,696 unfavorable The direct labor efficiency variance is: Question 14 options: $340,000 unfavorable $74,800 favorable $340,000 favorable $74,800 unfavorable