During June, Danby Companys material purchases amounted to 8,000 pounds at a price of $6.20 per pound. Actual costs incurred in the production of 2,500 units were as follows:

Direct labor:	$	121,506	($15.40 per hour)
Direct material:	$	32,798	($6.20 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, $15.00 per hour	Price, $5.90 per pound

Required:

Fill in the amounts in the tables below.

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

Direct-Material Purchase Price Variances
Actual Material Cost of Purchases						Projected Material Cost of Purchases
Actual Quantity				Actual Price		Actual Quantity			Standard Price
	pounds purchased			per pound		pounds purchased			per pound
			Direct-material purchase price variance

Direct-Labor Rate and Efficiency Variances

Actual Labor Cost

Projected Labor Cost

Standard Labor Cost

Actual Hours

Actual Rate

Actual Hours

Standard Rate

Standard Hours

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