tual direct materials used tual direct labor used tual units produced 35,000 lbs. at $6.00 per lb. 11,050 hours for a total of $230,945 66,000 geted standards for each unit produced are 0.50 pound of direct material at $5.99 90 per hour. Actual Hours Standard Hours = Actual Rate Standard Rate = Actual Quantity = Standard Quantity = Actual Price Standard Price Compute the direct materials price and quantity variances and classify each as favo Eh variance by selecting for favorable, unfavorable, and no variance. Round "Cos Required 2 e the direct materials price and quantity variances and classify each as favorable or unfavc ons.) Actual Cost Standard Required 2 > ed 1 Required 2 Ce the direct labor rate and efficiency variances and classify each as favorable or unfav Actual Cost