Rancho Cucamonga Inc. established the following direct materials and direct labor standards for its product.

Complete the following direct materials variance table. The left column reports the actual cost data and has been completed for you.

Direct Materials Variances

Report the variance and indicate each variance as either favorable "F" or unfavorable "U" (for example, 30U). Do not include dollar signs or spaces.

Direct materials quantity variance $Answer

Report the variance and indicate each variance as either favorable "F" or unfavorable "U" (for example, 30U). Do not include dollar signs or spaces.

Total direct materials variance $Answer

Report the variance and indicate each variance as either favorable "F" or unfavorable "U" (for example, 30U). Do not include dollar signs or spaces.

Direct labor quantity variance $Answer

Report the variance and indicate each variance as either favorable "F" or unfavorable "U" (for example, 30U). Do not include dollar signs or spaces.

Direct labor price variance $Answer

Report the variance and indicate each variance as either favorable "F" or unfavorable "U" (for example, 30U). Do not include dollar signs or spaces.

Total direct labor variance $Answer

Item Price Quantity Total Direct materials $2 3 lbs $6 Direct labor $6 2 hrs $12 The firm expected to make, and made, ten (10) units of finished goods inventory. Use the table above to complete the following direct materials variance table and to answer questions 1-3. Actual Price x Actual Quantity Standard Price x Actual Quantity $31b x (4lbs x 10 units) = $120 $ x ) = $ Complete the following direct materials variance table. The left column reports the actual cost data and has been completed for you. Direct Materials Variances Actual Price x Actual Quantity Standard Price x Standard Quantity $3lb x (4lbs x 10 units) = $120 $ x ) = $ Rancho Cucamonga Inc. established the following direct materials and direct labor standards for its product. Item Price Quantity Total Direct materials $2 3 lbs $6 Direct labor $6 2 hrs $12 The firm expected to make, and made, ten (10) units of finished goods inventory. Use the table above to complete the following direct labor variance tables and to answer questions 4-6. Complete the following direct labor variance table. The left columns report the actual costdata. Direct Labor Variances Actual Price x Actual Quantity Standard Price x Actual Quantity $5hr x (3hrs x 10 units) = $150 $ x ) = $ Complete the following direct labor variance table. The left columns report the actual cost data. Direct Labor Variances Actual Price x Actual Quantity Standard Price x Standard Quantity $5hr x (3hrs x 10 units) = $150 V x ) = $