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can you help me undertand this concept? Thank you!! Complete this question by entering your answers in the tabs below. FIII in the amounts in

can you help me undertand this concept? Thank you!!
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Complete this question by entering your answers in the tabs below. FIII in the amounts in the tables below. Note: Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter " 0 " f (1.e., zero variance).). Round "Actual Price" and "Standard Price" to 2 decimal places. Complete this question by entering your answers in the tabs below. 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) ), Round "A Price" to 2 decimal places. Required information During June, Danby Company's material purchases amounted to 6,500 pounds at a price of $7.80 per pound. Actual costs incurred in the production of 1,500 units were as follows: The standards for one unit of Danby Company's product are as follows: Required: Fill in the amounts in the tables below. Complete this question by entering your answers in the tabs below. Fill in the amounts in the tables below. Note: Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Seiect "None" and enter "0" for no effect (i.e., zero variance Price to 2 decimal places. Complete this question by entering your answers in the tabs below. 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 v "Standard Price" to 2 decimal places

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