Swifty Corporation produces a product requiring 4 direct labor hours at $14 per hour. Du ring January, 3000 products are produced using 12300 direct labor hours. Swifty's actual payroll for direct labor during January was $169680. What is the labor quantity variance for the month? 0 $1680 U 0 $2520 F 0 $4200 F 0 $4200 U Save for Later Attempts: 0 of 1 used Submit Answer Sheridan has a standard of 2 hours of labor per unit, at $12 per hour. In producing 2800 units, Sheridan used 5450 hours of labor at a total cost of $66010. Sheridan's labor quantity variance is 0 $1800 F. 0 $1817 F. O $610F. 0 $610 U. Save for Later Attempts: 0 of 1 used In Crane Company's income statement, gross prot of $40000 was reported at standard cost in addition to the following variances: Materials price $400 F Materials quantity 600 F Labor price 400 U Labor quantity 1000 F Overhead 800 F Crane's actual gross prot is O $42400. O $37400. O $43200. O $36800. Save for Later Attempts: 0 of 1 used In Concord Corporation's income statement, actual gross prot of $52500 was reported along with the following variances: Materials price $400 F Materials quantity 700 F Labor price 400 U Labor quantity 1040 F Overhead 810 F Concord's gross prot at standard cost is O $47400. O $49950. O $53300. O $46600. Save for Later Attempts: 0 of 1 used SubmitAnswer If 14000 pounds of direct materials are purchased for $10000 on account and the standard cost is $0.70 per pound, the journal entry to record the purchase is 0 Raw Materials Inventory 9800 Materials Price Variance 200 Accounts Payable 10000 0 Raw Materials Inventory 10000 Accounts Payable 10000 O WorklnProcesslnventory 10000 Accounts Payable 9800 Materials Quantity 200 Variance 0 Raw Materials Inventory 10000 Accounts Payable 9800 Materials Price Variance 200