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During June, Danby Companys material purchases amounted to 7,100 pounds at a price of $7.60 per pound. Actual costs incurred in the production of 2,100

During June, Danby Companys material purchases amounted to 7,100 pounds at a price of $7.60 per pound. Actual costs incurred in the production of 2,100 units were as follows:

Direct labor: $ 125,550 ($18.60 per hour)
Direct material: $ 38,000 ($7.60 per pound)

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

Direct Labor: Direct Material:
Quantity, 3 hours per unit Quantity, 2 pounds per unit
Rate, $18.50 per hour Price, $7.30 per pound

Required:

Fill in the amounts in the tables below. (Please help with all three requirements)

image text in transcribedimage text in transcribedimage text in transcribed Fill in the amounts in the tables below. Note: Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance).) Price" to 2 decimal places. Fill in the amounts in the tables below. Note: Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "N (i.e., zero variance).). Round "Actual Price" and "Standard Price" to 2 decimal places. Fill in the amounts in the tables below. Note: Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero "Standard Price" to 2 decimal places

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