A B C D F G Q6: Tally Forth reports the direct materials standard as 3.5 lbs per unit at $4.5 per Ib. which is $15.75 per finished unit. Direct materials Purchased: 399,200 lbs of material $4.50 cost per lb $1,796,400 total cost Direct materials Used: 398,452 lbs of material Actual units produced: 113,800 units 0 1 SHOW and LABEL ALL CALCUALTIONS BELOW 2 a. Calculate the Direct Material Price Variance 13 14 Actual Direct Material Cost Flex Budget Material Cost (purchased) 15 16 117 118 DM Price Variance = 119 120 b. Calculate the Direct Material Usage (or Quanitity) Variances 121 122 Flex Budget Material Cost (used) Std Direct Material Cost 123 124 125 126 DM Usage Variance = 127 128 C. Explain what these variances tell you about Tally Forth. 1129 130 Exam Settines Poin |Point