During June, Danby Company's material purchases amounted to 6,880 pounds at a price of $5.50 per pound. Actual costs incurred in the production of 2,150 units were as follows: Direct labor: Direct material: $106,148 ($11.90 per hour) $ 24,860 ($5.50 per pound) The standards for one unit of Danby Company's product are as follows: Direct Labor: Quantity, 4 hours per unit Rate, $11.50 per hour Direct Material: Quantity, 2 pounds per unit Price, $5.20 per pound Required: Fill in the amounts in the tables below. 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 "0" for no effect (i.e., zero variance).). Round "Actual Price" and "Standard Price" to 2 decimal places.) Direct-Material Price and Quantity Variances Actual Material Cost Projected Material Cost Standard Material Cost Actual Quantity Actual Price Actual Quantity Standard Price Standard Quantity Standard Price pounds used per pound pounds used per pound pounds allowed per pound Direct-material price variance Direct-material quantity variance 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 "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 x Actual Price Projected Material Cost of Purchases Actual Quantity Standard Price Actual Quantity pounds purchased per pound pounds purchased Direct-material purchase price variance < Required 1 per pound Required 3 > During June, Danby Company's material purchases amounted to 6,880 pounds at a price of $5.50 per pound. Actual costs incurred in the production of 2,150 units were as follows: Direct labor: Direct material: $106,148 ($11.90 per hour) $ 24,860 ($5.50 per pound) The standards for one unit of Danby Company's product are as follows: Direct Labor: Quantity, 4 hours per unit Rate, $11.50 per hour Direct Material: Quantity, 2 pounds per unit Price, $5.20 per pound Required: Fill in the amounts in the tables below. 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 "0" for no effect (i.e., zero variance).). Round "Actual Price" and "Standard Price" to 2 decimal places.) Direct-Labor Rate and Efficiency Variances Actual Labor Cost Projected Labor Cost Standard Labor Cost Actual Hours x Actual Rate Actual Hours Standard Rate Standard Hours x Standard Rate hours used per hour hours used per hour hours allowed per hour Direct-labor rate variance Direct-labor efficiency variance Direct-labor variance Required 2 Required 3 >