The following data relate to product no. 33 of Volusia Corporation: 10 Direct labor standard: 5 hours at $14 per hour Direct labor used in production: 45,000 hours at a cost of $639,000 Manufacturing activity: 8,900 units completed The direct-labor rate variance is: Multiple Choice $8,900F. $8,90. $9,00OF. $9,000U. None of the answers is correct. 12 $ 7.50 37.50 Cost standards for one unit of product no. 077: Direct material 3 pounds at $2.50 per pound Direct labor 5 hours at $7.50 per hour Actual results: Units produced 7,800 units Direct material purchased 26,000 pounds at $2.70 Direct material used 23,100 pounds at $2.70 Direct labor 40,100 hours at $7.30 $ 70,200 62,370 292,730 Assume that the company computes variances at the earliest point in time. The direct-material quantity variance is: Multiple Choice 0 $750F $750F O $750U. O $6,500U. O $7,250U. O None of the answers is correct. 13 $ 7.50 37.50 Cost standards for one unit of product no. 077: Direct material 3 pounds at $2.50 per pound Direct labor 5 hours at $7.50 per hour Actual results: Units produced 7,800 units Direct material purchased 26,000 pounds at $2.70 Direct material used 23,100 pounds at $2.70 Direct labor 40,100 hours at $7.30 $ 70,200 62,370 292,730 Assume that the company computes variances at the earliest point in time The direct-material price variance is: Multiple Choice 0 $4,620F. 0 $4,6200 0 $5,200F. 0 $5,200U. 0 None of the answers is correct