Youngstown Company provides the following standard cost data: Direct Material (3 gallons @ $5 per gallon) $15.00 Direct Labor (2 hours @ $12 per hour) $24.00 During the period, Youngstown Company produced and sold 24,000 units. Following are the amounts of material and labor used to produce the 24,000 units, and their respective actual costs: Direct Material: 73,100 gallons at $5.05 per gallon Direct Labor: 48,000 hours at $12.08 per hour Circle (or highlight) the correct answer. a. The Direct Material price variance was: A) F B) U C) 0 b. The Direct Material usage variance was: A) F B) U C) 0 c. The Direct Labor rate variance was: A) F B) U C) 0 d. The Direct Labor efficiency variance was: A) F B) U C) 0