Computation of Variances and Other Missing Data The following data for O'Keefe Company pertain to the production of 300 units of Product X during December. Selected data items are omitted. Fill in the missing amounts. Direct materials (all materials purchased were used during period) Standard cost per unit: Answer 960 pounds at $3.20 per pound Total actual cost: Answer 1,773.75 pounds costing $5,676 Standard cost allowed for units produced: $5,760 Materials price variance: $Answer 0.28 Answer Materials quantity variance: $128 U Direct labor Standard cost: 2 hours at $7.00 Actual cost per hour: $7.25 Total actual cost: $Answer 145 Labor rate variance: $Answer 0.25 Answer Labor efficiency variance: $140 U Variable overhead Standard costs: Answer 563 hours at $4.00 per direct labor hour Actual cost: $2,250 Variable overhead spending variance: $Answer 0 Answer Variable overhead efficiency variance: $Answer 0 Answer