On May 1, 2017, Bovar Company began the manufacture of a new paging machine known as Dandy. The company installed a standard costing system to account for manufacturing costs. The standard costs for a unit of Dandy follow: Direct materials (3 lb. at $4 per lb.) $ 12.00 Direct manufacturing labor (1/2 hour at $20 per hour) $ 10.00 Manufacturing overhead (75% of direct manufacturing labor cost) $ 7.50 The following data were obtained from Bovar's records for the month of May: Debit Credit Revenues $ 125,000 Accounts payable control (for May's purchases of direct materials) $ 55,000 Direct materials price variance $ 3,500 Direct materials efciency variance $ 2,400 Direct manufacturing labor price variance 3); 1,890 Direct manufacturing labor efciency variance 3: 2,200 Actual production in May was 4000 units of Dandy, and actual sales in May were 2500 units. The amount shown for direct materials price variance applies to materials purchased during May. There was no beginning inventory of materials on May 1, 2017. Compute each of the following items for Bovar for the month of May. Show your computations 1 Standard direct manufacturing labor - hours allowed for actual output produced 2 Actual direct manufacturing labor hours worked 3 Actual direct manufacturing labor wage rate 1 Standard quantity of direct materials allowed (in pounds) 5 Actual quantity of direct materials used (in pounds) 3 Actual quantity of direct materials purchased (in pounds) 7 Actual direct materials price per pound