2 During June, Danby Company's material purchases amounted to 7,100 pounds at a price of $7.60 per pound. Actual costs incurred in the production of 2,100 units were as follows: Direct labor: Direct material: $ 125,550 ($18.60 per hour) $ 38,000 ($7.60 per pound) The standards for one unit of Danby Company's product are as follows: Direct Labor: Quantity, 3 hours per unit Rate, $18.50 per hour Direct Material: Quantity, 2 pounds per unit Price, $7.30 per pound Required: Fill in the amounts in the tables below. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Fill in the amounts in the tables below. Note: Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance).). Price" to 2 decimal places. Direct-Material Price and Quantity Variances Projected Material Cost Standard Material Cost Actual Price Actual Quantity Standard Price Standard Quantity X Standard Price Actual Quantity Actual Material Cost x pounds used x per pound pounds used < Prev G2 S per pound pounds allowed of 5 Next > per pound