Information on Thurmster Corporation’s direct materials costs follows:

Thurmster Corporation has no materials inventories.
Required

a. Prepare a short report for management showing Thurmster Corporation’s direct materials price and efficiency variances.

b. Prepare the journal entries to record the purchase and use of the direct materials.

Transcribed Image Text:

Actual quantities of direct materials used Actual costs of direct materials used Standard price per unit of direct materials Flexible budget for direct materials 15,000 $32,850 $2.10 $29,925