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This is a three part question. If someone could answer this and show their work/reasoning that would be helpful 2 During June, Danby Company's material
This is a three part question. If someone could answer this and show their work/reasoning that would be helpful
2 During June, Danby Company's material purchases amounted to 8,610 pounds at a price of $5.10 per pound. Actual costs incurred in the production of 2,050 units were as follows: Direct labor: Direct material: $44,880 ($10.20 per hour) $32,385 ($5.10 per pound) 2. points The standards for one unit of Danby Company's product are as follows: Print Direct Labor: Quantity, 2 hours per unit Rate, $10.00 per hour Direct Material: Quantity, 3 pounds per unit Price, $5.00 per pound References Required: Fill in the amounts in the tables below. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Fill in the amounts in the tables below. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "O" for no "Actual Price" and "Standard Price" to 2 decimal places.) Direct-Material Price and Quantity Variances Chapter 10 Assignment Required: Fill in the amounts in the tables below. 2 Complete this question by entering your answers in the tabs below. 2 points Required 1 Required 2 Required 3 Fill in the amounts in the tables below. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance).). Rc "Actual Price" and "Standard Price" to 2 decimal places.) Print References Actual Material Cost Direct-Material Price and Quantity Variances Projected Material Cost Actual Quantity Standard Price Standard Material Cost Standard Quantity Standard Price Actual Quantity Actual Price x pounds used per pound per pound pounds used per pound pounds allowed $ $ $ 0 0 0 Direct-material price variance Direct-material quantity variance Direct-material variance Required Required 2 > Requirea! Fill in the amounts in the tables below. 2. Complete this question by entering your answers in the tabs below. 2. Required 1 Required 2 Required 3 points Fill in the amounts in the tables below. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance).). Round "Actual Price" and "Standard Price" to 2 decimal places.) Print References Direct-Material Purchase Price Variances Actual Material Cost of Purchases Projected Material Cost of Purchases Actual Quantity Standard Price Actual Quantity x Actual Price x X pounds purchased per pound pounds purchased per pound $ 0 $ 0 Direct-material purchase price varianceStep by Step Solution
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