EX $10-26,27($Algo$)$ Use the following information for the Exercises below.

During June, Danby Company's material purchases amounted to $6\mathrm{.}600$ pounds at a price of $$7\mathrm{.}90$ per pound. Actual costs

incurred in the production of $2,300$ units were as follows:

Direct labor: $$131,835($$$18\mathrm{.}70$ per hour$)$

Direct material: $$37,920($ $$7\mathrm{.}90$ per pound$)$

The standards for one unit of Danby Company's product are as follows:

EX $10-26($Algo$)$ Stralghtforward Calculation of Varlances $($LO $10-1,10-3)$

Requlred:

Compute the direct$-$material price and quantity variances, the direct$-$material purchase price variance, and the direct$-$labor rate and

efficiency variances.

Note: Indlcate the effect of each varlance by selecting "Favorable" or "Unfavorable". Select "None" and enter $"0"$ for no effect $($l$.$e$.,$

zero varlance$).$