connect ACCOUNTING ??9Corrp. E91 ,- 500 points E9-1 Calculating Unknown Values for Direct Materlals, Direct Labor Varlances Lo 9-3 Ironwood Company manufactures cast-iron barbeque cookware During a recent windstorm, it lost some of Required: Use the information in the table to determine the unknown amounts. You may assume that Ironwood does no 2.5 b 4.20 per lb Standard amount per pan produced Standard price (rate) Actual amount used per pan produced Actual price (rate) 1.10 hr 16.00 per hr 1.20 hr 2.4 lb S 410 per ib S 15.50 per hr. 2,500 pans Direct materials price variance Direct materials quantity variance Direct materials spending variance Direct labor rate variance Direct labor efficiency variance Direct labor spending variance References eBook & Resources Worksheet Difficulty 2 Medium E9.1 Calculating Unknown Values for Direct Materials, Direct Labor Variances [LO 9.3,9.4] materials price and quantity varances Learning Objective: 09-03 Calculate and interpret