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Question 1 5 pts Acme Inc. has the following information available: Actual price paid for material Standard price for material Actual quantity purchased and used in production Standard quantity for units produced Actual labor rate per hour Standard labor rate per hour Actual hours Standard hours for units produced $1.00 $1.20 100 110 $ 15 $ 16 200 220 Calculate the Material Price Variance and indicate if the variance is favorable or unfavorable. HTML Editor - I E x x VX CV TTK 12pt Paragraph Extended due date through Sunday August 2nd at 11:59 pm. Question 2 5 pts Acme Inc. has the following information available: Actual price paid for material Standard price for material Actual quantity purchased and used in production Standard quantity for units produced Actual labor rate per hour Standard labor rate per hour Actual hours Standard hours for units produced $1.00 $1.20 100 110 $ 15 $ 16 200 220 Calculate the Material Quantity Variance and indicate if the variance is favorable or unfavorable. HTML Editore B 1 U A A I E E x? X . TIT V CV DIT 12pt Paragraph Question 3 5 pts Acme Inc. has the following information available: Actual price paid for material Standard price for material Actual quantity purchased and used in production Standard quantity for units produced Actual labor rate per hour Standard labor rate per hour Actual hours Standard hours for units produced $1.00 $1.20 100 110 $ 15 $ 16 200 220 Calculate the Labor Rate Variance and indicate if the variance is favorable or unfavorable. HTML Editora BI U A A Tx E EX? X, Vx C [ 12pt Paragraph Question 4 5 pts Acme Inc. has the following information available: Actual price paid for material Standard price for material Actual quantity purchased and used in production Standard quantity for units produced Actual labor rate per hour Standard labor rate per hour Actual hours Standard hours for units produced $1.00 $1.20 100 110 $ 15 $ 16 200 220 Calculate the Labor Efficiency (Time) Variance and indicate if the variance is favorable or unfavorable. HTML Editora A TE E Ti E B I VA BD VX CA v T T. 12pt Paragraph