Use the following data to answer 3) and 4). Materials Standard........................7 pounds per unit produced Materials Standard.........................$7 per pound Actual materials used.....................68,000 pounds for 10,000 units produced Actual materials used.....................$7.30 per pound 3) Quantity Variance $_ 4) Price Variance $ Use the following data to answer 5) and 6). Actual labor cost..................................... $18.00 per hour Actual labor hours........ .....10,700 hours for 3,500 units produced Standard labor hours per unit.................... .........3 hours Standard labor rate per hour.................. .........$18.20 5) Rate Variance $_ 6) Efficiency Variance $