5. Oddo Corporation makes a product with the following standard costs:

	Standard Quantity or Hours	Standard Price or Rate	Standard Cost Per Unit
Direct materials	4.0 ounces	$8.70 per ounce	$34.80
Direct labor	0.9 hours	$17.00 per hour	$15.30
Variable overhead	0.9 hours	$9.00 per hour	$8.10

The company reported the following results concerning this product in December.

Originally budgeted output	4,570	units
Actual output	4,370	units
Raw materials used in production	17,810	ounces
Actual direct labor-hours	4,263	hours
Purchases of raw materials	19,660	ounces
Actual price of raw materials	$8.50	per ounce
Actual direct labor rate	$20.00	per hour
Actual variable overhead rate	$9.20	per hour

The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.

The materials quantity variance for December is:

rev: 04_20_2016_QC_CS-49357

a. $2,871 U

b. $2,805 F

c. $2,871 F

d. $2,805 U

6. Oddo Corporation makes a product with the following standard costs:

	Standard Quantity or Hours	Standard Price or Rate	Standard Cost Per Unit
Direct materials	3.0 ounces	$12.50 per ounce	$37.50
Direct labor	0.7 hours	$18.50 per hour	$12.95
Variable overhead	0.7 hours	$11.00 per hour	$7.70

The company reported the following results concerning this product in December.

Originally budgeted output	11,600	units
Actual output	11,400	units
Raw materials used in production	33,640	ounces
Actual direct labor-hours	8,180	hours
Purchases of raw materials	35,240	ounces
Actual price of raw materials	12.25	per ounce
Actual direct labor rate	16.95	per hour
Actual variable overhead rate	9.20	per hour

The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.

The materials price variance for December is:

a. $15,410 U

b. $15,410 F

c. $8,810 F

d. $8,810 U