11. The Most Esteemed Professor Mullen's company developed the following per-unit standa its product: 2 pounds of direct materials at $4 per pound. Last month, 1,000 pounds of direct materials were purchased for $3,800. The direct materials price variance for last month was A) $3,800 favorable. $200 favorable. $100 favorable. B) C) D) $200 unfavorable. Brilliant Professor Mullen Company has a materials price standard of $2.00 per pound. Three thousand pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 3,000 pounds, although the standard quantity allowed for the output was 2,700 pounds. 12. Brilliant Professor Mullen Company's materials price variance is A) B) C) $540 U. D) $600 F. $60 U. $600 U. purchased at $2.20 a pound. The actual quantity of materials was 3,000 pounds, although the standard quantity allowed for the output was 2,700 pounds. 13. Genius Professor Mullen Company has a materials price standard of $2.00 per pound. Three thousand pounds of materials were used Genius Professor Mullen Company's materials quantity variance is A) $600 U B) $600 F C) $660 F D) $660 U. His Excellency Professor Mullen Inc. produces a product requiring 3 direct labor hours at $20.00 per hour. During January, 2,000 products are produced using 6,300 direct labor hours. His Excelleney Professor Mullen's actual payroll during January was $122,850. What is the labor 14. quantity variance? A) $2,850 U B) $6,000 F C) $3,150 F D) $6,000 U 15. A company developed the following per-unit standards for its product: 2 gallons of direct materials at $6 per gallon. Last month, 2,000 gallons of direct materials were purchased for $11,400. The direct materials price variance for last month was A) $11,400 favorable. B) $300 favorable. C) $600 favorable. D) $600 unfavorable Page 3