Elridge Company uses a standard costing system. The standard direct costs of manufacturing its product and the operating data for the month just completed are as follows: Direct materials, 8 kilograms per unit @ $5.00 per kilogram $40.00 Direct labor, 3 hours per unit @ $16.40 per hour $49.20 Actual output 6,300 units Budgeted output 6,000 units Purchases of direct materials 50,000 kilograms Actual direct labor costs $300,760 Actual direct labor hours 18,250 hours $1,500 unfavorable Direct material quantity variance $7500 favorable irect material price variance Direct Material Variances Use the table below to compute question 1.2 and 3 Actual Quantity of Input, Actual Quantity of Input Purchased Standard Price Actual Quantity of Input Used, Standard Price Standard Y Allowed for Actual @ Actual Price Output, Standard Price (AQ AP) (AQSP) (AQ * SP) (SQSP) 1- Actual kilograms of direct material used (2.5 points) 2- Actual price per kilogram of direct material purchased (2.5 points) On 27C Partly 3. Total amount of direct material cost transferred to finished goods inventory (Tip: Standard Quantity Allowed for Actual Output at Standard Price) (2.5 points) Footer 4 Hea Direct Labor Variances: Use the table below to compute question 4,5 and 6 Actual Quantity of Input, Actual Quantity of Input Purchased @ Standard Rate Standard Quantity Allowed for Actual Output, Standard Rate Actual Rate (AHAR) (SHSR) (AH SR) 4- Direct labor rate variance (2.5 points) 5. Direct labor efficiency variance (2.5 points) 6- Total amount of direct labor cost transferred to finished goods inventory (Tip: Standard Quam Allowed for Actual Output at Standard Rate) (2.5 points)