The following information relates to product A:

Quantity Unit Price Cost Per Unit

Material (kg) 3 $23 $69

Labor (hours) 2 $20 $40

Budgeted production is 1,000 units.

Actual production is 900 units.

Actual inputs were as follows:

Material 2,650 kg costing $66,250

Labor 1840 hours costing $34,960

1. The material price variance is:
   1. $5,300 adverse
   2. $4,150 favorable
   3. $5,300 favorable
   4. $4,150 adverse
2. Using the information from question P8 the material usage variance is:
   1. $1,250 adverse
   2. $1,150 favorable
   3. $1,150 adverse
   4. $1,250 favorable
3. Using the information from question P8 the labor rate variance is:
   1. $1,040 adverse
   2. $1,840 favorable
   3. $1,040 favorable
   4. $1,840 adverse
4. Using the information from question P8 the labor efficiency variance is:
   1. $800 favorable
   2. $800 adverse
   3. $760 favorable
   4. $760 adverse