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The Albright Company uses standard costing and has established the following standards for its single product: Direct Materials 2 litres at $3 per litre Direct

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The Albright Company uses standard costing and has established the following standards for its single product: Direct Materials 2 litres at $3 per litre Direct Labour 0.5 hours at $8 per hour Variable Manufacturing Overhead 0.5 hours at $2 per hour During November, the company made 4,000 units and incurred the following costs: Direct Materials Purchased 8,100 litres at $3.10 per litre Direct Materials Used 7,600 litres Direct Labour Used 2,200 hours at $8.25 per hour Actual Variable Manufacturing Overhead $4, 175 The company applies variable manufacturing overhead to products on the basis of direct labour hours. 1. What was the materials price variance for November? A $810 favourable B) $810 unfavourable $2,310 favourable. $2,310 unfavourable. 2. What was the materials quantity variance for November? A) $300 unfavourable B) $1,200 favourable. C) $1,200 unfavourable D) $1,500 favourable. 3. What was the labour rate variance for November? A $550 unfavourable B ) $1,050 unfavourable $2,150 favourable. D) $2, 150 unfavourable

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