Danny's Delights is a wholesale bakery. Danny makes a variety of baked goods which he sells to restaurants and grocery stores. His best-selling item is a peanut butter cookie. The recipe calls for 1 cup of peanut butter, 1 cup of sugar and let. Each recipe makes a batch of one dozen cookies. Danny's standard direct materials cost for batch of cookies is $1.00 for peanut butter $0.15 for car and $0.10 for an in addition, the cookies are packaged by the dozen in cardboard containers costing 50.25 each One batch of cookies requires 4 minutes preparation time, 8 minutes of cooking time, and 3 minutes of packing time The standard wage rate is $8 per hour Overhead is applied at Son of direct labor cost. Calculate the standard cost for a batch 1 dozens of peanut butter cook Standard cost for a dozen cookies Thrope, Inc. purchased 2,200 pounds of direct material at a price of $1.10 per pound. The standard price of the material is $120 per pound. Thrope used 1.900 pounds in production while the standard pounds lowed for actual production was 1.800. Calculate the direct materials price and quantity variances and indi variances are favorable or unfavorable Direct material price variance Direct material quantity variance