9 & 10

QUESTION 9 10 points Sav The actual cost of raw materials is $10.50 per pound. The budgeted cost of raw materials is $11.00 per pound. During the current period, 9,900 pounds were used in the production process. The standard usage for actual units produced is 9,800 pounds. What is the material quantity variance? O $3,900 favorable $3,900 unfavorable O $1, 100 unfavorable O $1, 100 favorable $2,800 favorable QUESTION 10 10 points M&S Inc. uses standard costing. The actual cost of direct labor per hour is $6.25 and the standard cost of direct labor per hour is $6.00. Two budgeted direct labor hours are allowed per finished good. During the current period, 250 finished goods were produced using 475 direct labor hours. What is the labor efficiency variance? O $150 unfavorable O $156.25 favorable $150 favorable O $156.25 unfavorable