Use this information to answer the question that follow. The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.99; actual, $2.04 Standard yards per unit: standard, 4.71 yards; actual, 5.09 yards Units of production: 9,500 Calculate the direct materials quantity variance. a. $7,364.40 favorable b. $7,183.90 favorable c. $7,364.40 unfavorable Od. $7,183.90 unfavorable Use this information to answer the question that follow. The following data relate to direct materials costs for February: Materials cost per yard: standard, $1.99; actual, $2.03 Standard yards per unit: standard, 4.66 yards; actual, 5.21 yards Units of production: 9,200 Calculate the direct materials price variance. a. $1,714.88 favorable b. $1,917.28 favorable Oc. $368.00 unfavorable d. $1,917.28 unfavorable Use this information for Flapjack Corporation to answer the question that follow. Flapjack Corporation had 8,000 actual direct labor hours at an actual rate of $12.48 per hour. Original production had been budgeted for 1,100 units, but only 1,000 units were actually produced. Labor standards were 7.4 hours per completed unit at a standard rate of $13.00 per hour. Round your answer to the nearest cent. The direct labor time variance is $4,144.00 unfavorable $4,144.00 favorable $7,800.00 unfavorable $7,800.00 favorable