Econo Manufacturing purchased 20,000 square feet of direct material at \($0.54\) per square foot. It used 12,625 square feet to make 1,250 finished units. The standard cost for direct material is \($0.55\) per square foot and the quantity standard is 10 square feet per finished unit.

Required:

a. According to the appropriate standard, how much should the company have paid for the 20,000 square feet of direct material purchased?

b. Determine the direct material price variance based on the amount of direct material purchased.

c. According to the appropriate standard, how many square feet of direct material should have been used to make the 1,250 finished units?

d. Determine the direct material quantity variance in square feet of direct material.

e. Determine the direct material quantity variance in dollars.