During June, Danby Company's material purchases amounted to 8,640 pounds at a price of $7.00 per...
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During June, Danby Company's material purchases amounted to 8,640 pounds at a price of $7.00 per pound. Actual costs incurred in the production of 2,700 units were as follows: Direct labor: Direct material: The standards for one unit of Danby Company's product are as follows: Direct Material: Quantity, 2 pounds per unit Price, $6.30 per pound Direct Labor: Quantity, 3 hours per unit Rate, $17.00 per hour Required: Fill in the amounts in the tables below. $151,834 ($17.88 per hour) $ 40,110 ($7.00 per pound) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Fill in the amounts in the tables below. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effe variance).). Round "Actual Price" and "Standard Price" to 2 decimal places.) Actual Material Cost Actual Quantity pounds used $ X 0 Actual Price per pound Direct-material price variance Direct-Material Price and Quantity Variances Projected Material Cost X Actual Quantity pounds used Unfavorable $ X 0 Standard Price per pound. Unfavorable Direct-material variance Standard Material Cost X Standard Quantity pounds allowed Unfavorable $ Direct-material quantity variance 0 Standard Price per pound Required 1 Required 2 Required 3 Fill in the amounts in the tables below. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance).). Round "Actual Price" and "Standard Price" to 2 decimal places.) Actual Material Cost of Purchases Actual Quantity pounds purchased Direct-Material Purchase Price Variances $ 0 Actual Price per pound Projected Material Cost of Purchases Actual Quantity pounds purchased Unfavorable Direct-material purchase price variance < Required 1 $ 0 Standard Price per pound Required 3 > Required 1 Required 2 Required 3 Fill in the amounts in the tables below. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance).). Round "Actual Price" and "Standard Price" to 2 decimal places.) Actual Labor Cost Actual Hours hours used $ 0 Actual Rate per hour Direct-labor rate variance Direct-Labor Rate and Efficiency Variances Projected Labor Cost Actual Hours hours used Unfavorable $ 0 Standard Rate Direct-labor variance per hour Unfavorable < Required 2 Standard Labor Cost Standard Hours hours allowed Unfavorable $ Required 3 Direct-labor efficiency variance 0 > Standard Rate per hour During June, Danby Company's material purchases amounted to 8,640 pounds at a price of $7.00 per pound. Actual costs incurred in the production of 2,700 units were as follows: Direct labor: Direct material: The standards for one unit of Danby Company's product are as follows: Direct Material: Quantity, 2 pounds per unit Price, $6.30 per pound Direct Labor: Quantity, 3 hours per unit Rate, $17.00 per hour Required: Fill in the amounts in the tables below. $151,834 ($17.88 per hour) $ 40,110 ($7.00 per pound) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Fill in the amounts in the tables below. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effe variance).). Round "Actual Price" and "Standard Price" to 2 decimal places.) Actual Material Cost Actual Quantity pounds used $ X 0 Actual Price per pound Direct-material price variance Direct-Material Price and Quantity Variances Projected Material Cost X Actual Quantity pounds used Unfavorable $ X 0 Standard Price per pound. Unfavorable Direct-material variance Standard Material Cost X Standard Quantity pounds allowed Unfavorable $ Direct-material quantity variance 0 Standard Price per pound Required 1 Required 2 Required 3 Fill in the amounts in the tables below. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance).). Round "Actual Price" and "Standard Price" to 2 decimal places.) Actual Material Cost of Purchases Actual Quantity pounds purchased Direct-Material Purchase Price Variances $ 0 Actual Price per pound Projected Material Cost of Purchases Actual Quantity pounds purchased Unfavorable Direct-material purchase price variance < Required 1 $ 0 Standard Price per pound Required 3 > Required 1 Required 2 Required 3 Fill in the amounts in the tables below. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance).). Round "Actual Price" and "Standard Price" to 2 decimal places.) Actual Labor Cost Actual Hours hours used $ 0 Actual Rate per hour Direct-labor rate variance Direct-Labor Rate and Efficiency Variances Projected Labor Cost Actual Hours hours used Unfavorable $ 0 Standard Rate Direct-labor variance per hour Unfavorable < Required 2 Standard Labor Cost Standard Hours hours allowed Unfavorable $ Required 3 Direct-labor efficiency variance 0 > Standard Rate per hour
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