Ironwood Company manufactures cast-iron barbeque cookware. During a recent windstorm, it lost some of its cost accounting records. Ironwood has managed to reconstruct portions of its standard cost system database but is still missing a few pieces of information.

Required:
Use the information in the table to determine the unknown amounts. You may assume that Iron-wood does not keep any raw materials onhand.

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Direct Materials Direct Labor Standard amount per pan produced Standard cost Actual amount used per pan produced Actual cost Actual number of pans produced and sold Direct materials price variance Direct materials quantity variance Direct materials spending variance Direct labor rate variance Direct labor efficiency variance Direct labor spending variance 2.5 lb $4.20 per l 2.4 lb $4.10 per Ib 2,500 pans 1.10 hr $16.00 per hr 1.20 hr $15.50 per hr 2,500 pans