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The company provided the following information for the product Actual Raw material cost per pound 520 Raw materials used in pounds) Standard Direct Labor payroll Direct labor hours worked What is the direct lahor time variante 24 HD kint avg athe su She b. 7,200 Unfaaliin 5.4.800 Favorable de 3.100 Favorable The company has an favorable material price variance. This indicates that the a company purchased matrials at a cost below standard b. purchased matrials at a cost above the standard used less matrials than were budgeted d. used more matrials than were budgeted The company has an unfavorable direct labor time variance. This could be caused by a More units were sold 06. Supervisor changing the manufacturing process to make it more efficient Machine breakdowns d the union negotiating a new contract with a higher wage per hour