its all from the same question im just missing on a few blanks on each, please
Each finished guitar contains seven pounds of veneered wood. In addition, one pound of wood is typically wasted in the production process. The veneered wood used in the guitars has a standard price of $14 per pound. The other parts needed to complete each guitar, such as the bridge and strings, cost $17 per guitar. The labor standards for Springsteen's two production departments are as follows: Construction Department: 5 hours of direct labor at $20 per hour Finishing Department: 3 hours of direct labor at $17 per hour The following pertains to the month of July. 1. There were no beginning or ending work-in-process inventories in either production department. 2. There was no beginning finished-goods inventory. 3. Actual production was 690 guitars, and 490 guitars were sold on account for $495 each. 4. The company purchased 7,900 pounds of veneered wood at a price of $14.50 per pound. 5. Actual usage of veneered wood was 6,400 pounds of the wood purchased during July. 6. Enough parts (bridges and strings) to finish 790 guitars were purchased at a cost of $9,190. 7. The Construction Department used 3,200 direct-labor hours. The total direct-labor cost in the Construction Department was $60,800. 8. The Finishing Department used 2,150 direct-labor hours. The total direct-labor cost in that department was $38,700. 9. There were no direct-material variances in the Finishing Department. Complete the table below that compute the July direct material price and quantity variance in the Construction Department. (Indicate the effo "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance). Round "Actual Price" and "Standard Price" to 2 de Complete the table below that compute the July direct material purchase price variance in the Construction Department. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (l.e., zero variance). Round "Actual Price" and "Standard Price" to 2 decimal places.) Complete the table below that compute the July direct-labor rate and efficiency variances in the Construction Department. (Indicate the effect of es "Favorable" or "Unfavorable". Select "None" and enter " 0 " for no effect (i.e., zero variance), Round "Actual Rate" and "5tandard Rate" to 2 decimal Complete this question by entering your answers in the tabs below. Complete the table below that compute the July direct-labor rate and efficiency variances in the Finishing Department. (Indicate the effect of each variar "Unfavorable", Select "None" and enter " 0 " for no effect (i.e., zero variance), Round "Actual Ratc" and "Standard Rate" to 2 decimal places.)
