During June, Danby Company's material purchases amounted to $6,100$ pounds at a price of $$7\mathrm{.}40$ per pound. Actual costs

incurred in the production of $2,100$ units were as follows:Direct material: $ $$31,820($$$7\mathrm{.}40$ per pound$)$The standards for one unit of Danby Company's product are as follows:

Direct Labor:

Quantity, $3$ hours per unit

Direct Material:

Rate, $$18\mathrm{.}10$ per hour

Quantity, $2$ pounds per unit

Price, $$7\mathrm{.}10$ per pound

EX $10-26($Algo$)$ Straightforward Calculation of Variances $($LO $10-1,10-3)$

Required:

Compute the direct$-$material price and quantity variances, the direct$-$material purchase price variance, and the direct$-$labor rate and

efficiency variances.

Note: Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter $"$O$"$ for no effect $($i$.$e$.,$

zero variance$).$

Answer is complete but not entirely correct.