During June, Danby Companys material purchases amounted to 6,500 pounds at a price of $7.80 per pound. Actual costs incurred in the production of 1,500 units were as follows:

Direct labor:	$	129,270	($18.60 per hour)
Direct material:	$	36,660	($7.80 per pound)

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

Direct Labor:	Direct Material:
Quantity, 4 hours per unit	Quantity, 3 pounds per unit
Rate, $18.50 per hour	Price, $7.50 per pound

Required: Compute the direct-material price and quantity variances, the direct-material purchase price variance, and the direct-labor rate and efficiency variances. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance).)

During June, Danby Companys material purchases amounted to 6,500 pounds at a price of $7.80 per pound. Actual costs incurred in the production of 1,500 units were as follows:

Direct labor:	$	129,270	($18.60 per hour)
Direct material:	$	36,660	($7.80 per pound)

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

Direct Labor:	Direct Material:
Quantity, 4 hours per unit	Quantity, 3 pounds per unit
Rate, $18.50 per hour	Price, $7.50 per pound

Required: Compute the direct-material price and quantity variances, the direct-material purchase price variance, and the direct-labor rate and efficiency variances. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance).)

During June, Danby Companys material purchases amounted to 6,500 pounds at a price of $7.80 per pound. Actual costs incurred in the production of 1,500 units were as follows:

Direct labor:	$	129,270	($18.60 per hour)
Direct material:	$	36,660	($7.80 per pound)

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

Direct Labor:	Direct Material:
Quantity, 4 hours per unit	Quantity, 3 pounds per unit
Rate, $18.50 per hour	Price, $7.50 per pound

Required: Compute the direct-material price and quantity variances, the direct-material purchase price variance, and the direct-labor rate and efficiency variances. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance).)

Direct-material price variance
Direct-material quantity variance
Direct-material purchase price variance
Direct-labor rate variance
Direct-labor efficiency variance