costing system in the production of water pumps. $2.50 per pound. nds of material. labor rate is $15.00 per hour, hours of direct labor. purchased 25,000 pounds of material, paying erial used during the month was 23,100 pounds. of direct labor during the month, ater pumps this month. MATERIAL PURCHASE MATERIAL USAGE ACTUAL QUANTITY * ACTUAL PRICE ACTUAL QUANTITY * STANDARD PRICE STD QUANTITY * STD PRICE $0 DMPV $0 $0 0 0 0 0 0 ACT. QTY ACT. PRICE ACT. QTY STD. PRICE $0 DMQV 0 $0 0 0 0 0 0 0 ACT. QTY STD. PRICE OF MTL USED UNITS PROD. MTLS/UNIT (POUNDS) STD PRICE PER POUND $0 $0 $0 LABOR USAGE DLRV $0 DLTV 0 0 0 0 0 0 0 0 0 0 ACT. HRS ACT. RATE ACT.HRS STD. RATE UNITS PROD. DLH/UNIT (HOURS) STD RATE DMPV UNFAVORABLE 1 DMQV Choose: 0 DLRV DLTV Choose: 0 Choose: 0