Exercise 10-30 Reconstructing Standard-Cost Information from Partial Data (LO 10-1, 10-3) Part of your company's accounting database was destroyed when Godzilla attacked the city. You have been able to gather the following data from your files. Reconstruct the remaining information using the available data. All of the raw material purchased during the period was used in production. (Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "O" for no effect (i.e., zero variance). Round "Standard Quantity per Unit of Output for Direct Material" to 2 decimal places.) Standard price or rate per unit of input Standard quantity per unit of output Actual quantity used per unit of output Actual price or rate per unit of input Actual output Direct-material price variance Direct-material quantity variance Direct Labor per hour Direct Material $ 8 per lb hours per unit lbs per unit 3.5 hours lbs per unit $ 21 per hour $ 7 per lb 10,000 units 10,000 units $ 30,000 F $ 10,000 F Total direct-material variance Direct-labor rate variance Direct-labor efficiency variance $ 100,000 F Total direct-labor variance $ 65,000 F