Your company makes plastic bottles and has the following standards for materials: 573 million bottles produced and $5.77 cost per 1,000 ozs of plastic. The company budgeted for $157326 in plastic cost for the year.

At the end of the year, you realize the firm produced 512 million bottles and used 43 million ozs of plastic. Plastic cost the firm $161316.

1. U_a = ? oz / unit. (Answer to 3 significant digits.)

2. P_a = ? $/oz. (Answer to 3 significant digits.)

3. U_b = ? oz / unit. (Answer to 3 significant digits.)

4. Plastic price variance (absolute value, round to whole number)

5. Is the above variance favorable or unfavorable?

6. Plastic efficiency variance (absolute value, round to whole number)

7. Is the above variance favorable or unfavorable?