6. Peking Palace Company reported the following:

Line Item Description	Numerical Data
Standard quantity per unit	3 lbs.
Standard price per pound	$2.70
Actual pounds used	13,890 lbs.
Actual price per pound	$2.85
Number of units produced	4,700

What is the direct materials quantity variance? Round to two decimal places.

a. $567.00 unfavorable

b. $(567.00) favorable

c. $598.50 unfavorable

d. $(598.50) favorable

7) In the current month, White River, Inc., has a planned selling price of $13 and an actual selling price of $11 for its product. While it had planned to sell 500 units, it actually sold 650 units. Calculate its revenue price variance and indicate if it is favorable or unfavorable.

a. $(1,650) favorable

b. $1,300 unfavorable

c. $1,950 unfavorable

d. $1,000 unfavorable 8) When standard quantity exceeds actual quantity, the result is a(n)

a. favorable direct materials price variance.

b. favorable direct materials quantity variance.

c. unfavorable direct materials quantity variance.

d. unfavorable direct materials price variance.

10) Underapplied factory overhead represents?

a. a favorable total factory overhead cost variance.

b. actual factory overhead.

c. an unfavorable total factory overhead cost variance.

d. a direct materials quantity variance.