The Russell Company provides the following standard cost data per unit of product: During the period, the company produced and sold 22,000 units incurring the following costs: 1. The direct labor quantity (efficiency) variance is:

a.$15,000 U

b.$15,000 F

c.$14,625 F

d.$14,625 U

2. The direct material rate (price) variance is:

a.$6,800 U

b.$6,800 F

c.$14,625 F

d.$14,625 U

The Russell Company provides the following standard cost data per unit of product: Direct material (3 gallons @ $6 per gallon) $ 18.00 Direct labor (2 hours a $10 per hour) $ 20.00 During the period, the company produced and sold 22,000 units incurring the following costs: Direct material 68,000 gallons @ $5.90 per gallon Direct labor 45,500 hours @ $9.75 per hour