tools Orchards Company has provided the following information related to its standard inputs and costs, its budgeted production, and actual results for the 100 Standard Price Rate QQ Standard Quantity 4 pounds 3 hours 3 hours Direct Material Direct Labor Overhead 8.00 4.00 Expected production Expected labor hours 30,000 units 90,000 hours Production Laborrate Labor hours OM Purchased DM purchase Costs OM Uhed 41,000 units 8.20 per hour 91,000 hours 166,000 pounds 456,500 140.000 pounds For the following questions, provide the answers in the spaces provided. Use commas for numbers. If the answer has decimals, show only 2 decimal spaces. NOTE:VARIANCES ARE NEVER NEGATIVE. ALTHOUGH YOU MIGHT GETA NEGATIVE NUMBER FROM THE FORMULA. YOU HAVE TO INTERPRETIT ASFAVORABLE OR UNFAVORABLE. WRITING A NEGATIVE NUMBER WILL RESULT IN THE ANSWER BEING INCORRECT. 1. What is the Actual Price for DM? Stop sharing Que Tools TOON NOTE VARIANCES ARE NEVER NEGATIVE. ALTHOUGH YOU MIGHT GETA NEGATIVE NUMBER FROM THE FORMULA, YOU HAVE TO INTERPRETIT AS FAVORABLE OR UNFAVORABLE. WRITING A NEGATIVE NUMBER WILL RESULT IN THE ANSWER BEING INCORRECT. 88 1. What is the Actual Price for DM? 2. What is the Materials Price Variance? Favorable or Unfavorable? 3. What is the Standard Quantity of Materials Allowed? 4. What is the Materials Efficiency Variance? Favorable or Unfavorable? 5. What is the Labor Rate Variance! Forber Unfavorable What are the Standard Hours Allowed? 7. What is the labor ciency Variance? Favorite or Unfavorable! / / 89