p. 5. Actual usage of veneered wood was 5,450 pounds of the wood purchased during July. 6. Enough parts (bridges and strings) to finish 676 guitars were purchased at a cost of $10,140. 7. The Construction Department used 3,325 direct-labor hours. The total direct-labor cost in the Construction Department was $63,175. 8. The Finishing Department used 1,798 direct-labor hours. The total direct-labor cost in that department was $28,768. 9. There were no direct-material variances in the Finishing Department 10-47 (Algo) Part 3: Complete the following cost variance report... Complete the following cost variance report for July. Springsteen Company investigates all variances greater than $5,000 or 5%. e Exhibit 10-5.) te: Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "O" for no effect (i.e., o variance). Round "Percentage of Standard Cost" to 2 decimal places. Amount S