The Koski Company has established standards as follows:

Direct material 3 pounds @ P4/pound = P12 per unit

Direct labor 2 hours @ P8/hour = P16 per unit

Variable overhead 2 hours @ P5/hour = $10 per unit Actual production figures for the past year were as follows:

Units produced 500

Direct material used 1,600 pounds

Direct material purchased (3,000 pounds) $12,300

Direct labor cost (950 hours) $ 7,790

Variable overhead cost incurred $ 4,655

30. The materials price variance is: A. P160 U B. P6,300 U C. P300 U D. P150 U

31. The materials quantity variance is: A. P400 U B. P410 F C. P410 U D. P6,000 U

32. The labor efficiency variance is: A. P400 F B. P800 F C. P800 U D. P500 F

33. The variable overhead rate variance is: A. P345 F B. P95 F C. P655.50 F D. P345 U