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During June, Danby Companys material purchases amounted to 8,400 pounds at a price of $7.60 per pound. Actual costs incurred in the production of 2,200

During June, Danby Companys material purchases amounted to 8,400 pounds at a price of $7.60 per pound. Actual costs incurred in the production of 2,200 units were as follows:

Direct labor: $ 139,650 ($19.00 per hour)
Direct material: $ 41,040 ($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, $18.90 per hour Price, $7.30 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).)image text in transcribed

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

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