The following labor standards have been established for a particular product: Standard labor hours per unit of output Standard labor rate 4.4 hours $16.70 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked Actual total labor cost Actual output 5,200 hours $ 87,360 1,100 units Required: a. What is the labor rate variance for the month? b. What is the labor efficiency variance for the month? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) a. Labor rate variance b. Labor efficiency variance The following labor standards have been established for a particular product: Standard labor-hours per unit of output Standard labor rate 9.3 hours $13.10 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked Actual total labor cost Actual output 7,100 hours $90,170 1,000 units What is the labor efficiency variance for the month? Multiple Choice O $31,660 F 0 0 0 $31,660 U Dallas Snow Removal's cost formula for its vehicle operating cost is $2,060 per month plus $306 per snow-day. For the month of January, the company planned for activity of 16 snow-days, but the actual level of activity was 18 snow-days. The actual vehicle operating cost for the month was $7,720. The vehicle operating cost in the static or planning budget for January would be closest to: Multiple Choice o $6,862 o o 57,720 o S7,568 o $6,956 The following materials standards have been established for a particular product: Standard quantity per unit of output Standard price 5.5 meters $ 18.10 per meter The following data pertain to operations concerning the product for the last month: Actual materials purchased Actual cost of materials purchased Actual materials used in production Actual output 8,700 meters $163,560 8, 200 meters 1,460 units What is the materials price variance for the month? Multiple Choice $3,196 U $13,330 U $9,200 U $6,090 U