Material Cost Per Yard

Standard = $2.00

Actual = $2.10

Standard Yards per Unit = 4.5 yards and 4.75 yards

Units of Production = 9,500

1. 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

2. 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

3. 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