Required information During June, Danby Company's material purchases amounted to 7,300 pounds at a price of $7.80 per pound. Actual costs incurred in the production of 2,000 units were as follows: $ 113,750 ($18.20 per hour) $36,660 ($7.80 per pound) The standards for one unit of Danby Company's product are as follows: Direct labor: Direct material: Direct Labor: Quantity, 3 hours per unit Rate, $18.10 per hour Required: Compute the direct-material price and quantity variances, the direct-material purchase price variance, and the direct-labor rate and efficiency variances. Direct Material: Quantity, 2 pounds per unit Price, $7.50 per pound Note: Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "O" for no effect (i.e., zero variance). Direct-material price variance Direct-material quantity variance Direct-material purchase price variance Direct-labor rate variance Direct-labor efficiency variance $ $ $ $ $ 1,410 Unfavorable 5,250 Unfavorable 2,190 Unfavorable 625 Unfavorable 4,525 Unfavorable

Required informetion During June, Danby Company's material purchases amounted to 7,300 pounds at a price of $7,80 per pound. Actual costs incurred in the production of 2000 units wete as follows The standards for one unit of Danby Company's product are as follows Required: Compute the direct-material price and quantity variances, the direct-matenal purchase price variance, and the direct-labor rate and Aficiency variances. Note: Indicote the effect of eech voriance by selecting "Fovorable" or "Unfavorable". Seloct "None" and enter "O" for no effect (i.e tero variance). Required information During June, Danby Company's material purchases amounted to 7,300 pounds at a price of $7.80 per pound. Actual costs incurred in the production of 2,000 units were as follows The standards for one unit of Danby Company's product are as follows: Required: fficiency variances. lote: Indicate the effect of each variance by selecting "Favoroble" or "Unfavorable". Select "None" and enter " 0 " for no effect (i.e. ero voriance). ero variance)