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Required information During June, Danby Company's material purchases amounted to 6,800 pounds at a...

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Accounting

Required information
During June, Danby Company's material purchases amounted to 6,800 pounds at a price of $8.10 per pound. Actual costs
incurred in the production of 2,400 units were as follows:
The standards for one unit of Danby Company's product are as follows:
Required:
Compute the direct-material price and quantity variances, the direct-material purchase price variance, and the direct-labor rate and
efficiency variances.
Note: Indicate the effect of each variance by selecting "Favorable" or "Unfavorable". Select "None" and enter "0" for no effect (i.e.,
zero variance).
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