Need help figuring out those two incorrect blank sections. Thank you.

alternatively, if actual costs are less than standard costs, the If actual costs are greater than standard costs, the variance is unfavorable variance is favorable Direct Materials Cost Variance Calculating Direct Materials Cost Variance, you can see that the actual costs are higher used is less than standard. The two variances are combined for a total favorable than standard and the actual quantity purchased and direct material cost variance of $|| -395 x Direct Labor Cost Variance Calculating Direct Labor Cost Variance, you can see that the actual costs are higher than standard and the actual hours are less than standard. The two variances are combined for a total favorable direct labor cost variance of $ 819 X. The standard cost sheet for a product is shown. Standard Quantity Standard Cost per unit Manufacturing Costs Direct materials Direct labor $ 24.64 Standard price $4.40 per pound $11.60 per hour $2.10 per hour 5.60 pounds 2.10 hours $ 24.36 Overhead 2.10 hours $ 4.41 $ 53.41 The company produced 3,000 units that required: . 17,300 pounds of material purchased at $4.25 per pound 6,210 hours of labor at an hourly rate of $11.90 per hour Actual overhead in the period was $13,570 Budget Performance Report Manufacturing Costs: 3,000 units Actual Costs Standard Costs Variance (Favorable) Unfavorable $ Direct materials $73,525 73,920 -395 Direct labor 73,899 73,080 819 Overhead 13,570 13,230 340 $764 160,994 160,230 Split the direct materials cost variance into the materials price varaince and the Direct materials quantity variance. Remember that you want to isolate the price variance from the quantity variance so be sure to use factors that do not overlap. Also remember that the two variances should equal the total direct material cost variance. Direct materials price variance: Direct materials quantity variance: (Actual price - Standard price) x (Actual quantity - Standard quantity) x actual quantity standard price $2,595 favorable $2,200 unfavorable Split the direct labor cost variance into the direct labor rate variance and the direct labor time variance. Remember that you want to isolate the price variance from the efficiency variance so be sure to use factors that do not overlap. Also remember that the two variances should equal the total direct Split the direct labor cost variance into the direct labor rate variance and the direct labor time variance. Remember that you want to isolate the price variance from the efficiency variance so be sure to use factors that do not overlap. Also remember that the two variances should equal the total direct labor cost variance. Direct labor rate variance: (Actual rate - Standard rate) x actual hours Direct labor time variance: (Actual hours - Standard hours) X standard labor rate $1,863 unfavorable $1,044 favorable A favorable Manufacturing variances are period costs that are rolled into cost of sales and reported on the income statement variance is recorded as a credit and an unfavorable variance is recorded as a debit