Orion Corporation has established the following standards for the prime costs of one unit of its chief product, dartboards.
Standard Quantity Standard Price or Rate Standard Cost
Direct material 8.00 pounds 1.75 per pound 14.00
Direct labor 0.25 hour 8.00 per hour 2.00
Total 16.00
During June, Orion purchased 160,000 pounds of direct material at a total cost of $304,000. The total wages for June were $42,000, 90 percent of which were for direct labor. Orion manufactured 19,000 dartboards during June, using 142,500 pounds of the direct material purchased in June and 5,000 direct-labor hours.
Required:
Compute the following variances for June. (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).)