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April Industries employs a standard costing system in the manufacturing of its sole product, a park bench. They purchased 70,000 feet of raw material for

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April Industries employs a standard costing system in the manufacturing of its sole product, a park bench. They purchased 70,000 feet of raw material for $420,000, and it takes 4 feet of raw materials to produce one park bench. In August, the company produced 10,000 park benches. The standard cost for material output was $80,000, and there was an unfavorable direct materials quantity variance of $6,000. A. What is April Industries' standard price for one unit of material? Standard cost per unit $ 2 B. What was the total number of units of material used to produce the August output? Actual quantity feet 43,000 Units C. What was the direct materials price variance for August? Direct materials price variance $ 240,000 X Unfavorable Feedback Ed Co. manufactures two types of O rings, large and small. Both rings use the same material but require different amounts. Standard materials for both are shown. Large Small Rubber 3 feet at $0.25 per foot 1.25 feet at $0.25 per foot Connector 1 at $0.02 1 at $0.02 At the beginning of the month, Ed Co. bought 26,000 feet of rubber for $7,150. The company made 3,000 large O rings and 4,000 small O rings. The company used 14,600 feet of rubber. A. What are the direct materials price variance, the direct materials quantity variance, and the total direct materials cost variance? Enter all amounts as positive numbers. If required round your answers to two decimal places. Direct materials price variance $ Unfavorable Direct materials quantity variance Unfavorable Total direct materials cost variance Unfavorable B. If they bought 11,000 connectors costing $230, what would the direct materials price variance be for the connectors? Round your intermediate calculations to three decimal places. Direct materials price variance $ Unfavorable C. If there was an unfavorable direct materials price variance of $150, how much did they pay per foot for the rubber? Round your answer to two decimal places. Actual price $

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