Path:p QUESTION 3 The following actual and standard cost data for direct material and direct labor relate to the production of 6,000 units of product: Actual Costs Standard Costs Direct Material 7,600 lb. @ $2.85 8,000 lb. @ $2.50 Direct Labor 3,570 hrs. @ $19.80 3,500 hrs. @ $20.00 What is the materials efficiency variance? What is the labor rate variance? TTT Arial 3 (12pt) T.E E . EN Words: 0 Path:p Click Save and Submit to save and submit. Click Save All Answers to save all answers Save All A Path:p QUESTION 3 The following actual and standard cost data for direct material and direct labor relate to the production of 6,000 units of product: Actual Costs Standard Costs Direct Material 7,600 lb. @ $2.85 8,000 lb. @ $2.50 Direct Labor 3,570 hrs. @ $19.80 3,500 hrs. @ $20.00 What is the materials efficiency variance? What is the labor rate variance? TTT Arial 3 (12pt) T.E E . EN Words: 0 Path:p Click Save and Submit to save and submit. Click Save All Answers to save all answers Save All A