The following cost information is available for a company:

Actual results :

Total cost of purchasing material:$

Number of labor hours worked: hours

Number of material pounds used in production : pounds

Total labor cost: $

Number of units produced : units

Number of material pounds purchased pounds

The company established the following standards:

Price per pound of materials : $ per pound

Number of pounds of material to produce one unit : pounds

Standard labor rate: $ per hour

Number of labor hours to produce one unit: hours

What is the material quantity variance?

$ favorable

$ favorable

$ unfavorable

$ unfavorable

The following cost information is available for company A:

Actual results :

Total cost of purchasing material $

Number of labor hours worked hours

Number of material pounds used in production pounds

Total labor cost $

Number of units produced

Number of material pounds purchased pounds

The company established the following standards:

Price per pound of materials $ per pound

Number of pounds of material to produce one unit pounds

Standard labor rate $ per hour

Number of labor hours to produce one unit hours

What is the labor rate variance?

$ favorable

$ unfavorable?

$ favorable

$ unfavorable