USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT 13 QUESTIONS. The Grand Funk Railroad Company uses standard costing. The company charges overhead to units using direct labor hours. The standards for direct materials are 1.9 pounds per unit at $5 per pound. The standards for direct labor are .4 hours per unit at $30 per hour. The standard variable overhead rate is $15 per hour, and the standard fixed overhead rate is $20 per hour. The denominator level for the company is 18,000 units per year. This is also the budgeted production and sales level for 2019. The company's budgeted selling price is $60 per unit. The company uses FIFO to assign costs to inventories. At the beginning of 2019, the company had 4,000 pounds of direct material in the Materials Control account. These pounds had been purchased during 2018 at an average cost of $4.80 per pound. In 2019, the company purchased 40,000 pounds of direct material at an average price of $5.10 per pound. At the end of 2019, there were 3,000 pounds of material in the ending Materials Control account. During 2019, the company actually used an average of .45 hours per unit to produce 20,000 actual units. The actual direct labor rate incurred during 2019 was $28 per hour. The actual variable overhead incurred during 2019 was $148,500, and the actual fixed overhead incurred during 2019 was $150,000. Actual sales were 20,000 units at a selling price of $58.50 per unit. Was the direct materials price variance for 2019 favorable, or was it unfavorable? unfavorable favorable Question 27 Now compute the amount of the direct materials price variance for 2019. Do NOT put a dollar sign in your answer. Question 28 Was the direct materials quantity variance for 2019 favorable, or was it unfavorable? O favorable O unfavorable Question 29 Now compute the amount of the direct materials quantity variance for 2019. Do NOT put a dollar sign in your answer. 2 pts 0.5 pts 2 pts Question 30 Was the direct labor rate variance for 2019 favorable, or was it unfavorable? O unfavorable O favorable Question 31 What is the amount of the direct labor rate variance? Do NOT put a dollar sign in your answer. Question 32 Was the variable overhead efficiency variance for 2019 favorable, or was it unfavorable? O unfavorable O favorable Question 33 Compute the amount of the variable overhead efficiency variance for 2019. Question 34 Was the fixed overhead budget variance for 2019 favorable, or was it unfavorable? favorable O unfavorable Question 35 Compute the amount of the fixed overhead budget variance for 2019. Question 36 Compute the ending balance (in DOLLARS) of the Materials Control inventory account. Do NOT put a do answer. Question 37 Was the sales volume variance for sales revenue for 2019 favorable, or was it unfavorable? O favorable O unfavorable Question 38 Compute the sales volume variance for sales revenue for 2019. Do NOT put a dollar sign in your