Question 5 Java Corporation makes a product with the following standard costs: Standard Quantity or Hours Direct Materials Direct Labor 6.5 Kilos 10.0 Hours Standard Price or Rate $4.75 per kilo $24.00 per hour The company reported the following results concerning this product in June. Actual Output 6,400 units Raw materials used in production 37,400 kilos Actual direct labor hours 71,200 hours Purchases of raw materials 47,500 kilos Actual price of raw materials $5.20 per kilo Actual direct labor rate $22.50 per hour a) What was materials price variance for June? b) What was materials quantity variance for June? c) What was the labor rate variance for June? d) What was the labor efficiency variance for June?