Question: please include all calculations make sure the numbers are visible and please solve it fast Exercise IV (25 points) During June, Danby Company's material purchases

Exercise IV (25 points) During June, Danby Company's material purchases amounted to 6,000 pounds at a price of $7.30 per pound. Actual costs incurred in the production of 2,000 units were as follows: Direct labor: $116,745 ($18.10 per hour) Direct material: $30,660 ($7.30 per pound) The standards for one unit of Danby Company's product are as follows: Direct labor: Direct material: Quantity, 3.5 hours per unit Quantity, 2.5 pounds per unit Rate, $18.8 per hour Price, $7.2 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 whether each variance is favorable or unfavorable
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