|
Standard |
Actual |
|
|
Material Cost Per Yard |
$2.00 |
$2.10 |
|
Standard Yards per Unit |
4.5 yards |
4.75 yards |
|
Units of Production |
9,500 |
5. Calculate the Total Direct Materials cost variance using the above information:
|
a. |
$9,262.50 Unfavorable |
|
b. |
$9,262.50 Favorable |
|
c. |
$3,780.00 Unfavorable |
|
d. |
$3,562.50 Favorable |
6. Calculate the Direct Materials Price variance using the above information:
|
a. |
$1,795.50 Favorable |
|
b. |
$378.00 Favorable |
|
c. |
$4,512.50 Unfavorable |
|
d. |
$378.00 Unfavorable |
7. Calculate the Direct Materials Quantity variance using the above information:
| a. |
$4,512.50 Unfavorable |
|
b. |
$4,512.50 Favorable |
|
c. |
$4,750 Unfavorable |
|
d. |
$4,750 Favorable |