Specify whether favorable or unfavorable for the following: 1) Wook company has a stand of 1.5 pounds of materials per unit, at $2 per pound. In producing 2,000 units, the company used 3,100 pounds of materials at a total cost of $6,045. The materials price variance is: A. $45 unfavorable B. $155 favorable C. $200 favorable D. $350 favorable 2) A company has a standard of 1.5 pounds of materials per unit, at $2 per pound. In producing 2,000 units, the company used 3,100 pounds of materials at a total cost of $6,045. The materials quantity variance is? 3) Credo company has a standard of 2 hours of labor per unit at $18 per hour. In producing 2,000 units, Credo company used 3,850 hours of labor at a total cost of $70,455. The labor price variance is? 4) Shove company has a standard of 2 hours of labor per unit at $18 per hour. In producing 2,000 units, Credo company used 3,850 hours of labor at a total cost of $70,455. The labor quantity variance is? 5) A company is considering buying a machine for $120,000 with an estimated life of ten years and no salvage value. The straight-line method of depreciation will be utilized The machine is expected to generate net accounting income of $12,000 each year. The cash payback period on this investment is