Gandolph Game Company has established the following standards for the prime costs of one unit...

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Accounting

Gandolph Game Company has established the following standards for the prime costs of one unit of its chief product, dartboards.

Standard Cost Standard Quantity Standard Price or Rate
Direct material $ 37.70 13.00 kilograms $ 2.90 per kilogram
Direct labor 29.40 2.10 hour $ 14.00 per hour
Total $ 67.10

During September, Gandolph purchased 263,000 kilograms of direct material at a total cost of $810,040. The total wages for September were $600,300, 90 percent of which were for direct labor. Gandolph manufactured 18,000 dartboards during September, using 225,000 kilograms of the direct material purchased in September and 41,400 direct-labor hours.

Required:

Compute the following variances for September. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e., zero variance).)

1. Direct-material price variance Unfavorable
2. Direct-material quantity variance Favorable
3. Direct-material purchase price variance Unfavorable
4. Direct-labor rate variance Favorable
5. Direct-labor efficiency variance $50,400 Unfavorable

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