Business, 06.05.2020 01:45 radaishasmithoxngbj

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 hours per unit Quantity, 2 pounds per unit Rate, $18 per hour Price, $7 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

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During June, Danby Company’s material purchases amounted to 6,000 pounds at a price of $7.30 per pou...