4.The standard direct material cost to produce one widget is four meters of widget line (material) at $3.00 per meter.During May 2016, 6,000 meters of line (material) costing $17,500 were purchased and used to produce 1,500 units of widgets.What was the material price variance for May 2016?

5. The Machining Department is the first of a 2-stage production process. Spoilage is identified when the units have completed the Machining process. Costs of spoiled units are assigned to units completed and transferred to the second department in the period spoilage is identified. The following information concerns Machining's conversion costs in May 2016:
	Units	Conversion Costs
Beginning WIP (50% Complete)	4,500	$20,000
Units started during May	16,500	$160,000
Spoilage - normal	500
Units completed and transferred	15,500
Ending WIP (80% Complete)	5,000
Using the weighted average method, what was Machining's conversion cost transferred to the second production department?