https//hewcan then , and drag to the Favorites Bar folder. Or import from another browser. Import favorites ee favorites here, select Help Save & Ex Saved Week 4 Chapter 10 Chec 1 New Jersey Valve Company manufactured 8,400 units during January of a control valve used by milk processors in its Camden plant. Records indicated the following: 50 points hr. at $14.60 per 43,200 hr. Direct labor Skipped Direct material 26,000 lb. at $2.90 per 1b. purchased Direct material used 25,100 lb. eBook Print The control valve has the following standard prime costs References Direct material 3 lb. at $2.80 per 1b. Direct labor $ 8.40 5 hr. at $15.00 per hr. 75.00 Stardard prime cost per unit $83.40 Required: 1. Prepare a schedule of standard production costs for January, based on actual production of 8,400 units. 2. For the month of January, compute the following variances. Complete this question by entering your answers in the tabs below. Reauired 1 Required 2 Mc Graw Hill Prev 1 of 2 Next> O Saved Week 4 Chapter 10 Check m 1 Required: 1. Prepare a schedule of standard production costs for January, based on actual production of 8,400 units 2. For the month of January, compute the following variances. 50 points Skipped Complete this question by entering your answers in the tabs below. eBook Required 1 Required 2 Print References For the month of January, compute the following variances. (Indicate the effect of each variance by selecting "Favorable" or HUntavorable". Select "None" and enter "0" for no effect (i.e., zero variance).) a Direct-material price variance b Direct-material quantity variance Direct-material purchase price variance d Direct-labor rate variance e Direct-labor efficiency variance