Question: Need help with managerial accounting problem. Thanks During June , Danby Company's material purchases amounted to 8. 100 pounds at a price of $8.00 per

Need help with managerial accounting problem. Thanks

Need help with managerial accounting problem. Thanks During June , Danby Company's

During June , Danby Company's material purchases amounted to 8. 100 pounds at a price of $8.00 per pound. Actual costs incurred in the production of 1, 600 units were as follows : Direct labor :` $135, 975 ($18.50 per hour ) Direct material : $ 39 , 206 ($8. 80 per pound ) The standards for one unit of Danby Company's product are as follows : Direct Labor :` Direct Material : Quantity , 4 hours per unit Rate , $18. 40 per hour Quantity , 3 pounds per unit Price , $7 . 70 per pound Required :" Compute the direct- material price and quantity variances , the direct-material purchase price variance , and the direct -labor rate and efficiency variances . ( Indicate the effect of each variance by selecting " Favorable " or " Unfavorable " . Select " None " and enter " 0 " for no effect ( i.e., zero variance ) . !` Direct- material price variance* Direct-material quantity variance* Direct - material purchase price variance Direct - labor rate variance Direct- labor efficiency variance

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