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The following data is given for Apple 2,200 units Actual production Materials: Standard price per pound Standard pounds per completed unit Actual pounds purchased and

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The following data is given for Apple 2,200 units Actual production Materials: Standard price per pound Standard pounds per completed unit Actual pounds purchased and used in production Actual price paid for materials Labor: Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actualtotal labor costs $4.00 25 56,400 $230,112 $19 per hour 10 21,500 $411,940 Compute the direct materials price and quantity variances for Apple. Make sure to indicate if the variances are favorable or unfavorable. If applicable, round your answers to two decimal places

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