Ripley Corporation has supplied the following information obtained from its standard cost system in June. Standard price of direct materials Actual price of direct materials Standard direct labor rate Actual direct labor hours in June $6 per pound $5 per pound $9 per hour 9,500 hours The following journal entries were made during June with respect to Ripley's standard cost system. 48,000 1,200 Work in Process Inventory (at standard cost) Materials Quantity Variance Direct Materials Inventory (at actual cost) Materials Price Variance To record the cost of direct materials used in June. 41,000 8,200 Work in Process Inventory (at standard cost) Labor Rate Variance Labor Efficiency Variance Direct Labor (at actual cost) To record the cost of direct labor charged to production in June. 81,000 950 4,500 86,450 25,000 2,000 Work in Process Inventory (at standard cost) Overhead Spending Variance Overhead Volume Variance Manufacturing Overhead (at actual cost) To apply overhead to production in June. 5,000 22,000 Instructions a. Determine the actual quantity of materials purchased and used in production during June. b. Determine the standard quantity of materials allowed for the productive output achieved during June. c. Determine the actual average direct labor rate in June. d. Determine the standard direct labor hours allowed for the production output achieved during June. e. Determine the total overhead costs allowed for the production output achieved during June. f. Prepare a journal entry to record the transfer of all work in process to finished goods at the end of June. g. Close all cost variances directly to the Cost of Goods Sold account at the end of June. h. Was Ripley's production output in June more or less than its normal level of output? How can you tell