Three Pigs Company manufactures cast-iron barbeque cookware. During a recent windstorm, it lost some of its cost accounting records. Three Pigs has managed to reconstruct portions of its standard cost system database but is still missing a few pieces of information.

Required:

Use the information in the table to determine the unknown amounts. You may assume that Three Pigs does not keep any raw materials on hand.

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Standard amount per pan produced Standard cost Direct Materials 2.5 lb. $4.00 per lb. 2.4 lb. $4.10 per lb. Direct Labor 1.25 hr. $16.00 per hr. 1.20 hr. $15.50 per hr. 2,500 pans ?? ? ? 227 Actual amount used per pan produced Actual cost Actual number of pans produced and sold 2,500 pans Direct materials price variance ? Direct materials quantity variance Direct materials spending variance Direct labor rate variance Direct labor efficiency variance Direct labor spending variance