Specify whether favorable or unfavorable for the following: 1) Joe Co. has a materials price standard of $2.00 per pound. Three thousand pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 3,000 pounds, although the standard quantity allowed for the output was 2,700 pounds. The materials price variance for this company is: A. $60 unfavorable B. $600 unfavorable C. $540 unfavorable D. $600 favorable 2) Alexandria Co. has a materials price standard of $2.00 per pound. Three thousand pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 3,000 pounds, although the standard quantity allowed for the output was 2,700 pounds. The materials quantity variance is? 3) Keg company produces a product requiring 3 direct labor hours at $20.00 per hour. During January, 2.000 products are produced using company's actual payroll during January was $122,850. What is the labor quantity variance? 6,300 direct labor hours. The 4) JimO corporation developed the following per-unit standards for its product: 2 gallons of direct materials at $6 per gallon. Last month, 2,000 gallons of direct materials were purchased for $11,400. The direct materials price variance for last month was? 5) The per-unit standards for direct materials are 2 pounds at $4 per pound. Last month, 11,200 pounds of direct materials that actually cost $42,000 were used to produce 6,000 units of product. The direct materials quantity variance for last month was