Simon Inc. uses a standard costing system for its only product. The standards are as follows: Input 3 pounds Cost/Input unit $10/pound Direct material Direct labor 5 hours $26 /hour Actual data for September: Direct material used 9,200 pounds Direct material purchased 10,000 pounds at a cost $96,500 Direct labor hours 1,400 hours at a cost of $37,800 3,000 units Output Determine Simon Inc.'s direct material price variance. [Use actual quantity purchase.] Select one: O a. $3,300 U O b. $3,300 F o c. $3,500 u d. $3,500 F Simon Inc. uses a standard costing system for its only product. The standards are as follows: Input Cost/Input unit Direct material 3 pounds $10 /pound Direct labor 5 hours $26 /hour Actual data for September: Direct material used 9,200 pounds Direct material purchased 10,000 pounds at a cost $96,500 Direct labor hours 1,400 hours at a cost of $37,800 Output 3,000 units Determine Simon Inc.'s direct material usage variance. [Use actual quantity used.] Select one: O a. $2,200 F O b. $2,000 U O c. $2,000 F 0 d. $2,200 U Simon Inc. uses a standard costing system for its only product. The standards are as follows: Input Cost/Input unit Direct material 3 pounds $10 /pound Direct labor 5 hours $26 /hour Actual data for September: sed Direct material used 9,200 pounds Direct material purchased 10,000 pounds at a cost $96,500 Direct labor hours 1,400 hours at a cost of $37,800 Output 3,000 units Determine Simon Inc.'s direct labor rate variance. Select one: O a. $1,200 F O b. $1,400 U O c. $1,400 F O d. $1,200 U Simon Inc. uses a standard costing system for its only product. The standards are as follows Direct material Input 3 pounds 5 hours Cost/Input unit $10 /pound $26 /hour Direct labor Actual data for September: Direct material used 9,200 pounds Direct material purchased 10,000 pounds at a cost $96,500 Direct labor hours 1,400 hours at a cost of $37,800 Output 3,000 units Determine Simon Inc.'s direct labor efficiency variance. Select one: O a. $2,400 U O b. $2,600 F O c. $2,600 U O d. $2,400 F