The following data relate to product no. 636 of Mayberry Village Corporation: Direct material standard: 3 square feet at $2.40 per square foot Direct material purchased: 31,000 square feet at $2.50 per square foot Direct material consumed: 29,900 square feet Manufacturing activity: 9,800 units completed Assume that the company computes variances at the earliest point in time. The direct-material quantity variance is:

Multiple Choice

• $1,250U.

• $1,200U.

• $4,760F.

• $1,200F.

• $1,250F.

Sherman Enterprises recently used 30,000 labor hours to produce 10,000 completed units. According to manufacturing specifications, each unit is anticipated to take 2.95 hours to complete. The company's actual payroll cost amounted to $588,000. If the standard labor cost per hour is $19.80, Shermans labor rate variance is:

Multiple Choice

• $3,900F.

• $5,800F.

• None of the answers is correct.

• $3,900U.

• $6,000F.