This month they have manufactur they have manufactured 1,200 pots. The actual Direct Materials: Direct Labor Materials: 1,210 pounds at 26 (cents) per pound 395 hours at a total payroll cost of $5,175 "AQXAP AQXSP sax 1. Calculate the direct material price variance. 1 210 x 0 20 1210x0.25 126 102.5 A 12.10 Favorable favorab! Beliable Manufacturing Company which uses a standard cost system, makes Each chair has 4 metal legs. Following are materials standards for the manute . 121 ystem, makes molded plastic chairs. or the manufacture of a chair. 1 molded plastic piece for $6 4 metal legs at $2 Total standard materials per chair $6 Hesx las & $14 Total production in June was 300,000 chairs. Materials purchased and used in prog as follows chased and used in production were Molded plastic pieces 303,000 Legs 1,204,800 $1,787,700 2,530,080 $4,317,780 1. Calculate the actual cost per unit for plastic used in the chairs. 2. Calculate the actual cost per leg for legs used in making the chairs. 3. Compute the total materials purchase price variance and the materials quantity variance for each type of material. 4. Prepare the journal entries to record the purchase on account and issuance of materials