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During June, Danby Company's material purchases amounted to 9,280 pounds at a price of $7.20 per pound. Actual costs incurred in the production of 2,900
During June, Danby Company's material purchases amounted to 9,280 pounds at a price of $7.20 per pound. Actual costs incurred in the production of 2,900 units were as follows: Direct labor: Direct material: $ 179,732 ($19.60 per hour) $ 44,424 ($7.20 per pound) The standards for one unit of Danby Company's product are as follows: Direct Labor: Quantity, 3 hours per unit Rate, $19.00 per hour Direct Material: Quantity, 2 pounds per unit Price, $6.70 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 " variance).). Round "Actual Price" and "Standard Price" to 2 decimal places.) 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" variance).). Round "Actual Price" and "Standard Price" to 2 decimal places.) Actual Material Cost Actual Actual Price Quantity Direct-Material Price and Quantity Variances Projected Material Cost Actual x Standard Quantity Price Standard Material Cost Standard Standard Price Quantity pounds used per pound pounds used per pound pounds allowed per pound U Unfavorable Unfavorable Direct-material price variance Direct-material quantity variance Unfavorable Direct-material variance Required 1 Required 2 > Complete this question by entering your answers in the tabs below. MULUI 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 "O" 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 Projected Material Cost of Purchases Actual Actual Actual Standard Quantity Price Quantity Price X pounds purchased per pound pounds purchased per pound | $ 0 Unfavorable Direct-material purchase price 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" variance).). Round "Actual Price" and "Standard Price" to 2 decimal places.). Direct-Labor Rate and Efficiency Variances Projected Labor Cost Actual Hours * Standard Rate Actual Labor Cost Actual Rate Actual Hours Standard Labor Cost Standard * Standard Rate Hours hours used per hour hours used per hour hours allowed per hour Unfavorable Unfavorable Direct-labor rate variance Direct-labor efficiency variance Unfavorable Direct-labor variance
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