i am working on the 2nd and 3rd question, McKnight Enterprises, Inc. developed standard costs for direct material and direct labor. In 2012 McKnight estimated the following standard costs for one of their major produ

cts, the 50-gallon plastic container.

Standard quantityStandard price

Direct materials0.25 pounds$40 per pound

Direct labor0.03 hours$18 per hour

During August, McKnight produced and sold 8,000 containers using 1,900 pounds of direct materials at an average cost per pound of $41 and 250 direct labor hours at an average wage of $18.25 per hour. Determine the following variances for August by completing the table below.For each item, calculate the proper amount, and then indicate if that amount would be favorable or unfavorable.

Calculation

Amount

Favorable/Unfavorable

Total Direct Material Cost Variance

$21,000

Favorable

Direct Material Price Variance

Direct Material Quantity Variance

Formulas

a.Total direct material cost variance.

= Actual direct material cost - Standard direct material cost

1900* 41=77900-8000*.25*40=$2100

b.Direct material price variance.

= (AP - SP) AQ

8000

c.Direct material quantity variance.

= (AQ - SQ) SP

1900-.8000*

i can do the calculations but i dont know how to fill it in