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

During June, Danby Company's material purchases amounted to $6,700$ pounds at a price of $$8\mathrm{.}00$ per pound. Actual costs incurred in the production of $2,300$ units were as follows:

Direct labor:

Direct material:

$$39,200($ $$8\mathrm{.}00$ per pound$)$

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

Direct Labor:

Quantity, $3$ hours per unit

Rate, $$18\mathrm{.}70$ per hour

Direct Material:

Quantity, $2$ pounds per unit

Price, $$7\mathrm{.}70$ per pound

EX $10-26($Algo$)$ Straightforward Calculation of Variances $($LO $10-1,10-3)$

Required:

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

Note: Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter $"0"$ for no effect $($i$.$e$.,$ zero variance$).$

$\backslash$table$[[$Direct$-$material price variance,,$],[$Direct$-$material quantity variance,,$],[$Direct$-$material purchase price variance,,$],[$Direct$-$labor rate variance,,$],[$Direct$-$labor efficiency variance,,$]]$