During June, Danby Company's material purchases amounted to 14,560 pounds at a price of $6.80 per pound. Actual costs incurred in the production of 2,800 units were as follows: Direct labor: Direct material: $265,880 ($18.40 per hour) $ 78,540 ($6.80 per pound) The standards for one unit of Danby Company's product are as follows: Direct Labor: Quantity, 5 hours per unit Rate, $18.00 per hour Direct Material: Quantity, 4 pounds per unit Price, $6.50 per pound Required: Fill in the amounts in the tables below. Required 1 Required 2 Required 3 ill in the amounts in the tables below. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "O" f Actual Price" and "Standard Price" to 2 decimal places.) Actual Material Cost Actual Quantity X Actual Price $ Direct-Material Price and Quantity Variances Projected Material Cost Actual Quantity Standard Price Standard Material Cost Standard Quantity X Standard Price X X 6.80 X X pounds used per pound pounds used per pound pounds allowed per pound $ 0 $ 0 $ 0 Unfavorable Unfavorable Direct-material price variance Direct-material quantity variance Unfavorable Direct-material variance Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Fill in the amounts in the tables below. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "O" for no effect (i.e., zero variance).). Round "Actual Price" and "Standard Price" to 2 decimal places.) Direct-Material Purchase Price Variances Actual Material Cost of Purchases Projected Material Cost of Purchases Actual Quantity Actual Price Actual Quantity Standard Price X X pounds purchased per pound pounds purchased per pound $ 0 $ 0 Unfavorable Direct-material purchase price variance