Standard Actual Material Cost Per Yard $2.00 $2.10 Standard Yar

Standard

Actual

Material Cost Per Yard

$2.00

$2.10

Standard Yards per Unit

4.5 yards

4.75 yards

Units of Production

9500

5. Calculate the Total Direct Materials cost variance using the above information:

a.

$9262.50 Unfavorable

b.

$9262.50 Favorable

c.

$3780.00 Unfavorable

d.

$3562.50 Favorable

6. Calculate the Direct Materials Price variance using the above information:

a.

$1795.50 Favorable

b.

$378.00 Favorable

c.

$4512.50 Unfavorable

d.

$378.00 Unfavorable

7. Calculate the Direct Materials Quantity variance using the above information:

$4512.50 Unfavorable

b.

$4512.50 Favorable

c.

$4750 Unfavorable

d.

$4750 Favorable