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Required informationSouth Atlantic Chemical Company manufactures industrial chemicals in Rio de Janeiro, Brazil. The company plans to introduce a new

chemical solution and needs to develop a standard product cost. The new chemical solution is made by combining a chemical

compound $($nyclyn$)$ and a solution $($salex$),$ heating the mixture, adding a second compound $($protet$),$ and bottling the resulting solution

in $10-$liter containers. The initial mix, which is $11$ liters in volume, consists of $12$ kilograms of nyclyn and $9\mathrm{.}6$ liters of salex. A $1-$liter

reduction in volume occurs during the boiling process. The solution is cooled slightly before $25$ kilograms of protet are added. The

addition of protet does not affect the total liquid volume.

The purchase price of the direct materials used in the manufacture of this new chemical solution are given below. $($The real,

abbreviated $R$$$,$ is Brazil's national currency. On the day this problem was written, one real was equivalent to US $$0\mathrm{.}270)$

Required:

Determine the standard material cost of a $10-$liter container of the new product.

Note: Round your answer to $2$ decimal places.

Answer is complete but not entirely correct.

During June, Danby Company's material purchases amounted to $6,800$ pounds at a price of $$8\mathrm{.}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$).$

Answer is not complete.

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