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AWAirplanes Inc. manufactures paper airplanes for kids. The company had the following information related to its November operations: Direct material actually bought in November 3,000

AWAirplanes Inc. manufactures paper airplanes for kids. The company had the following information related to its November operations:

Direct material actually bought in November 3,000 pounds
Direct material actually used in November 2,900 pounds
Standard quantity of direct material allowed for Novembers actual output 3,100 pounds
Actual price of direct material in November $1 per pound
Standard price of direct material in November $2 per pound

  1. What was AWAirplanes materials price variance for November? (dont forget to label favorable or unfavorable)
  2. What was AWAirplanes materials quantity variance for November? (dont forget to label favorable or unfavorable)
  3. Do these two variances net to Awesome Airplanes direct materials spending variance for November? Why or why not?

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