Information from the Wayne Manufacturing is as follows:

Required:

a. Determine the direct material price variance.

b. Determine the direct material quantity variance in dollars.

Transcribed Image Text:

Actual cost of 10,000 pounds of direct material purchased Direct material used in production Actual production Direct material price standard Direct material quantity standard per finished unit of production Budgeted production $2,400 9,177 pounds 980 units $0.25 per pound 9 pounds 1,000 units