Question: I need help with the problems labeled with a question mark Data Section: Materials price variance input Actual cost of material per pound (ounce, etc.)

Data Section: Materials price variance input Actual cost of material per pound (ounce, etc.) $15.90 Standard cost of mat. per pound (ounce, etc.) $16.00 Materials quantity variance input Actual quantity of materials used 39,500 38,000 Standard quantity of mat. used for actual output $8.05 Labor rate variance input Actual cost of labor per hour $8.00 Standard cost of labor per hour Labor efficiency variance input Actual quantity of hours incurred 44,000 Standard quantity of hours for actual output 45,600
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