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Please show every step and the answers. Direct material QUANITITY variance Plato Company began operations on June I, of operations, Plato Company established one unit

Please show every step and the answers. Direct material QUANITITY variance
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Plato Company began operations on June I, of operations, Plato Company established one unit of its single product direct materials direct labor variable overhead standard quantity 7 pounds 8 hours 8 hours 2024. For its first month the following standards for standard price $14 per pound $17 per hour $11 per hour Plato Company reported the following information for June : 7, pounds of direct materials were purchased at a total cost I. of $113, 5,4 direct labor hours were worked at a total cost Of $75,6e. S. The variable overhead cost for the month totaled $52,950. 46a units were produced. 4. . At June 30, Plato Company had 2,3 pounds of direct materials on hand . Calculate the direct material price variance for June. If the variance is favorable, place a minus sign in front of your answer (i.e., -5). If the variance is unfavorable, simply enter your answer as a number (i.e., 5e).

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