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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.

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Fill in the amounts in the tables below. Note: Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None (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 variance).). Price" to 2 decimal places. Complete this question by entering your answers in the tabs below. 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., zer "Standard Price" to 2 decimal places

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