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E9-1 (Static) Calculating Unknown Values for Direct Materials, Direct Labor Variances (LO 9-3, 9-4] Ironwood...

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E9-1 (Static) Calculating Unknown Values for Direct Materials, Direct Labor Variances (LO 9-3, 9-4] Ironwood Company manufactures cast-iron barbeque cookware During a recent windstorm, it lost some of its cost accounting records. tronwood has managed to reconstruct portions of its standard cost system database but is still missing a few pieces of Information Required: Use the information in the table to determine the unknown amounts. You may assume that ironwood does not keep any raw materials on hand (Indicate the effect of each variance by selecting "F" for fovorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance) -Book Print Direct Materials 25 5 420 perb 24 S 410 per 2.500 pars Standard amount per pan produced Standard price Actual amount used pur pan produced Acual price Actual number of puns produced and sold Duoc materials price variance Die materiais quantity variance Dect materials spending variance Dolaborate variance Derech labor efficiency variance Dreat spending variance Direct Labor 110 h 5 1500 perhe 120 $ 1550 perhe 2.500 pas 1,650 5 2.500

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