Blue Sky Company (BSC) manufactures wands used to draw on electronic tablets. The wand only requires one type of direct material (rubber). - During June 2017 BSC produced 20,000 wands and sold all of them for $19.00 each. - BSC had rubber purchases of 18,500 pounds at $1.60 per pound. The master budget input for one wand is as follows: Material 0.75 lb. of rubber at $1.50 per pound Labor 0.50 hours at $15 per hour Actual material and labor costs incurred/used in making the 20,000 wands produced in June 2017 were as follows: Material $28,800 total cost ($1.60 per pound) Labor 9,500 hours at a total cost of $152,000 Required: Calculate DIRECT MATERIAL QUANTITY VARIANCE for June including Favorable or Unfavorable. None of the answers is correct $4,000 Fav $3,500 Fav $4,000 UnFav $4,500 UnFav Blue Sky Company (BSC) manufactures wands used to draw on electronic tablets. The wand only requires one type of direct material (rubber). - During June 2017 BSC produced 20,000 wands and sold all of them for $19.00 each. - BSC had rubber purchases of 18,500 pounds at $1.60 per pound. The master budget input for one wand is as follows: Material 0.75 lb. of rubber at $1.50 per pound Labor 0.50 hours at $15 per hour Actual material and labor costs incurred/used in making the 20,000 wands produced in June 2017 were as follows: Material $28,800 total cost ($1.60 per pound) Labor 9,500 hours at a total cost of $152,000 Required: Calculate DIRECT MATERIAL PRICE VARIANCE for June including Favorable or Unfavorable. $1,800 Unfav $1,400 Unfavorite None of the answers is correct $1,200 UnFav $1,200 Fav Blue Sky Company (BSC) manufactures wands used to draw on electronic tablets. The wand only requires one type of direct material (rubber). - During June 2017 BSC produced 20,000 wands and sold all of them for $19.00 each. - BSC had rubber purchases of 18,500 pounds at $1.60 per pound. The master budget input for one wand is as follows: Material 0.75 lb. of rubber at $1.50 per pound Labor 0.50 hours at $15 per hour Actual material and labor costs incurred/used in making the 20,000 wands produced in June 2017 were as follows: Material $28,800 total cost ($1.60 per pound) Labor 9,500 hours at a total cost of $152,000 Required: Calculate DIRECT MATERIAL PURCHASE PRICE for June including Favorable or Unfavorable. $1,850 Fav $2,000 Fav $1,850 UnFav None of the answers is correct? $2,000 Fav Blue Sky Company (BSC) manufactures wands used to draw on electronic tablets. The wand only requires one type of direct material (rubber). - During June 2017 BSC produced 20,000 wands and sold all of them for $19.00 each. - BSC had rubber purchases of 18,500 pounds at $1.60 per pound. The master budget input for one wand is as follows: Material 0.75 lb. of rubber at $1.50 per pound Labor 0.50 hours at $15 per hour Actual material and labor costs incurred/used in making the 20,000 wands produced in June 2017 were as follows: Material $28,800 total cost ($1.60 per pound) Labor 9,500 hours at a total cost of $152,000 Required: Calculate DIRECT MATERIAL QUANTITY VARIANCE for June including Favorable or Unfavorable. None of the answers is correct $4,000 Fav $3,500 Fav $4,000 UnFav $4,500 UnFav Blue Sky Company (BSC) manufactures wands used to draw on electronic tablets. The wand only requires one type of direct material (rubber). - During June 2017 BSC produced 20,000 wands and sold all of them for $19.00 each. - BSC had rubber purchases of 18,500 pounds at $1.60 per pound. The master budget input for one wand is as follows: Material 0.75 lb. of rubber at $1.50 per pound Labor 0.50 hours at $15 per hour Actual material and labor costs incurred/used in making the 20,000 wands produced in June 2017 were as follows: Material $28,800 total cost ($1.60 per pound) Labor 9,500 hours at a total cost of $152,000 Required: Calculate DIRECT MATERIAL PRICE VARIANCE for June including Favorable or Unfavorable. $1,800 Unfav $1,400 Unfavorite None of the answers is correct $1,200 UnFav $1,200 Fav Blue Sky Company (BSC) manufactures wands used to draw on electronic tablets. The wand only requires one type of direct material (rubber). - During June 2017 BSC produced 20,000 wands and sold all of them for $19.00 each. - BSC had rubber purchases of 18,500 pounds at $1.60 per pound. The master budget input for one wand is as follows: Material 0.75 lb. of rubber at $1.50 per pound Labor 0.50 hours at $15 per hour Actual material and labor costs incurred/used in making the 20,000 wands produced in June 2017 were as follows: Material $28,800 total cost ($1.60 per pound) Labor 9,500 hours at a total cost of $152,000 Required: Calculate DIRECT MATERIAL PURCHASE PRICE for June including Favorable or Unfavorable. $1,850 Fav $2,000 Fav $1,850 UnFav None of the answers is correct? $2,000 Fav