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Using the information from the table, what is the direct materials price variance? Please enter a positive number for your answer. You are not required to indicate whether the variance is favorable or unfavorable. Budgeted direct materials (standard) (5 lbs @ $2/1b) $10/unit Actual direct materials used 500,000 lbs Actual Units 110,000 units Actual cost of direct materials used $1,250,000 Budgeted direct labor (standard) (2 hours @$10/hour) $20/unit Actual direct labor hours 225,000 hours Actual cost of direct labor $2,700,000 Budgeted units 100,000 Budgeted selling price $50 Actual selling price $65 Using the information from the table, what is the direct labor price variance? Please enter a positive number for your answer. You are not required to indicate whether the variance is favorable or unfavorable. Budgeted direct materials (standard) (5 lbs @ $2/1b) $10/unit Actual direct materials used 500,000 lbs Actual Units 110,000 units Actual cost of direct materials used $1,250,000 Budgeted direct labor (standard) (2 hours @$10/hour) $20/unit Actual direct labor hours 225,000 hours Actual cost of direct labor $2,700,000 Budgeted units 100,000 Budgeted selling price $50 Actual selling price $65 Using the information from the table, what is the direct materials efficiency variance? Please enter a positive number for your answer. You are not required to indicate whether the variance is favorable or unfavorable. Budgeted direct materials (standard) (5 lbs @ $2/1b) $10/unit Actual direct materials used 500,000 lbs Actual Units 110,000 units Actual cost of direct materials used $1,250,000 Budgeted direct labor (standard) (2 hours @$10/hour) $20/unit Actual direct labor hours 225,000 hours Actual cost of direct labor $2,700,000 Budgeted units 100,000 Budgeted selling price $50 Actual selling price $65

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