Exercise 10-27 Diagramming Direct Material and Direct-Labor Variances (LO 10-3) During June, Danby Company's material purchases amounted to 17,670 pounds at a price of $7.00 per pound. Actual costs incurred in the production of 2,850 units were as follows: Direct labore Direct material $117,040 (619.00 per hour) $102,270 (52.00 per pound) The standards for one unit of Danby Company's product are as follows: Direct Labori Dr Material Quantity, 2 hours per unit Quantity, 3 pounda per unit Pate, $10.50 per hour Price, 16.60 per pound Required: Fill in the amounts in the tables below Complete this question by entering your answers in the tabs below. Required: Required 2 Required) Put in the amounts in the tables below. Indicate the effect of each variance y selecting "Yavorable or "Unaverable"Select "None" and enter "O%.for co effect ( pero "Actual Price and standard Price to 2 decimal places) Direct Material Price and Quantity Variant Actual Materal Cost Projected Material Cost Standard Material Cout Aclus! Quantity Actual Price Actual Quantity Standard Price Standard Oy Standard Price Pre 131 Next > Direct Labor Quantity, 2 hours per unit Rate, $18.50 per hour Direct Material: Quantity, 5 pounds per unit Price, $6.60 per pound Required: Fill in the amounts in the tables below. Complete this question by entering your answers in the tabs below. Required: Required 2 Required 3 Fill in the amounts in the tables below. (Indicate the effect of each variance by selecting "Favorable" of "Unfavorable". Select "None' and enter "O" for no effect (1.0, zero "Actual Price and Standard Price to 2 decimal places.) Actual Material Cost Actual Quantity Actual Price Direct Material Price and Quantity Variances Projected Material Cost Actual Quantity Standard Price Standard Material Cost Standard Quantity Standard Price per pound pounds used pounds used per pound pounds allowed per pound $ $ $ 0 0 0 Direct-material price variance Direct-material quantity variance Direct material variance Prev 1 of 3 !!! Next > Direct Labor: Quantity. 2 hours per unit Rate, $18.50 per hour Direct Material: Quantity, 5 pounds per unit Price, $6.60 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 *O* for no effect (le, zero variance)), Round "Actual Price" and "Standard Pricd" to 2 decimal places.) 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 $ 0 $ 0 Direct-material purchase price variance . Rate, $18.50 per hour View Price, $6.60 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) Fill in the amounts in the tables below. (Indicate the effect of each variance by selecting "Envorable" or "unfavorable". Select "None" and enter *o* for no effect (le, zero variance).). Round "Actual Price" and "Standard Price to 2 decimal places.) 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 hoursused per hour hours used per hour hours allowed per hour 5 0 5 0 5 0 Direct laborate variance Director efficiency variance Director variance
