Use the following information to answer Questions 1 through 4. Skokie Company produces aquariums. During the year 150,000 aquariums were produced. Direct materials and direct labor standards for producing the aquariums are as follows. SKOKIE COMPANY DIRECT MATERIALS AND DIRECT LABOR STANDARDS FOR PRODUCTION OF AQUARIUMS Direct materials (2 sheets of glass at $2.00 per sheet) S 4.00 Direct labor (3 hours at $8.00 per hour) 24.00 Skokie purchased and used 310,000 sheets of glass at $1.50 each and its actual labor hours were 435,000 hours at an average wage rate of $8.50. What is the direct materials price variance? (a) S 20,000 F. (b) $155.000 F. (c) $ 20,000 U. (d) $155,000 U. (a) What is the direct materials quantity variance? $ 20,000 F. (b) $155.000 F. $ 20,000 U. (d) $155,000 U. What is the direct labor rate (price) variance? $217,500 F. $120.000 U. $120,000 F. 1) $217,500 U. What is the direct labor efficiency (quantity) variance. $217,500 F. $120,000 U. $120,000 F. $217,500 U