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4. Sparrow, Inc. makes purple door stops. The standard door stop requires 2.5 standard pounds to produce. The standard price of the material is $3.50
4. Sparrow, Inc. makes purple door stops. The standard door stop requires 2.5 standard pounds to produce. The standard price of the material is $3.50 per pound. In a specific batch, 15,000 units actually required 36,000 pounds of material, which were purchased at $4 per pound. What pray tell, is the direct materials price variance and the direct materials quantity variance in dollars, respectively.
A) $12,000 and $5,225, respectively
B) $9,000 and ($5,625), respectively
C) $0.50 and $1,500, respectively
D) $18,000 and ($5,250), respectively
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