Budgeted (Std) Quantity of Direct Materials for Production 960 Budgeted (Std) Price of Direct Materials per...

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Budgeted (Std) Quantity of Direct Materials for Production 960 Budgeted (Std) Price of Direct Materials per Pound $ 1,955.00 Budgeted (Std) Quantity of Direct Labor Hours Used for Production 829 Budgeted (Std) Price of Direct Labor per Hour $ 849.00 Budgeted (std) Units Produced and Sold 915,000 Actual Quantity of Direct Materials Used for Production 944 Actual Price of Direct Materials per Pound $ 1,812.00 Actual Quantity of Direct Labor Hours Used for Production 832 Actual Price of Direct Labor per Hour $ 852.00 Actual Units Produced and Sold 915,000 Note: It takes one unit of direct materials to make one production unit. WITH THE ABOVE DATA SOLVE THE FOLLOWING QUESTIONS REGARDING YOUR PRODUCT: QUESTION ONE What is the Direct Manufacturing Labor Price Variance? Record answer in dollars and cents here Record whether above answer is "favorable" or "unfavorable here QUESTION 2 What is the Direct Manufacturing Material Price Variance? Record answer in dollars and cents here Record whether above answer is "favorable" or "unfavorable here QUESTION 3 What is the Direct Manufacturing Labor Efficiency Variance? Record answer in dollars and cents Record whether above answer is "favorable" or "unfavorable here Budgeted (Std) Quantity of Direct Materials for Production 960 Budgeted (Std) Price of Direct Materials per Pound $ 1,955.00 Budgeted (Std) Quantity of Direct Labor Hours Used for Production 829 Budgeted (Std) Price of Direct Labor per Hour $ 849.00 Budgeted (std) Units Produced and Sold 915,000 Actual Quantity of Direct Materials Used for Production 944 Actual Price of Direct Materials per Pound $ 1,812.00 Actual Quantity of Direct Labor Hours Used for Production 832 Actual Price of Direct Labor per Hour $ 852.00 Actual Units Produced and Sold 915,000 Note: It takes one unit of direct materials to make one production unit. WITH THE ABOVE DATA SOLVE THE FOLLOWING QUESTIONS REGARDING YOUR PRODUCT: QUESTION ONE What is the Direct Manufacturing Labor Price Variance? Record answer in dollars and cents here Record whether above answer is "favorable" or "unfavorable here QUESTION 2 What is the Direct Manufacturing Material Price Variance? Record answer in dollars and cents here Record whether above answer is "favorable" or "unfavorable here QUESTION 3 What is the Direct Manufacturing Labor Efficiency Variance? Record answer in dollars and cents Record whether above answer is "favorable" or "unfavorable here