During June, Danby Companys material purchases amounted to 15,600 pounds at a price of $7.60 per pound. Actual costs incurred in the production of 3,000 units were as follows:

Direct labor:	$	322,192	($20.80 per hour)
Direct material:	$	94,164	($7.60 per pound)

The standards for one unit of Danby Companys product are as follows:

Direct Labor:	Direct Material:
Quantity, 5 hours per unit	Quantity, 4 pounds per unit
Rate, $20.00 per hour	Price, $6.90 per pound

Required: Fill in the amounts in the tables below.

Fill in the amounts in the tables below. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" 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
	pounds purchased			per pound		pounds purchased			per pound
		$					$
			Direct-material purchase price variance