Computation of Variances and Other Missing Data The following data for O'Keefe Company pertain to the production of 300 units of Product X during December. Selected data items are omitted. Fill in the missing amounts. Direct materials (all materials purchased were used during period) Standard cost per unit: pounds at $3.20 per pound Total actual cost: pounds costing $5,681 Standard cost allowed for units produced: $5,760 Materials price variance: Materials quantity variance: $160U Direct labor Standard cost: 2 hours at $7.00 Actual cost per hour: $7.35 Total actual cost: $ Labor rate variance: Labor efficiency variance: $140U Variable overhead Standard costs: hours at $4.00 per direct labor hour Actual cost: $2,240 Variable overhead spending variance: $ Variable overhead efficiency variance: Computation of Variances and Other Missing Data The following data for O'Keefe Company pertain to the production of 300 units of Product X during December. Selected data items are omitted. Fill in the missing amounts. Direct materials (all materials purchased were used during period) Standard cost per unit: pounds at $3.20 per pound Total actual cost: pounds costing $5,681 Standard cost allowed for units produced: $5,760 Materials price variance: Materials quantity variance: $160U Direct labor Standard cost: 2 hours at $7.00 Actual cost per hour: $7.35 Total actual cost: $ Labor rate variance: Labor efficiency variance: $140U Variable overhead Standard costs: hours at $4.00 per direct labor hour Actual cost: $2,240 Variable overhead spending variance: $ Variable overhead efficiency variance