Direct Materials Variances Alvarado Company produces a product that requires 15 standard pounds per unit. The standard price is $5.00 per pound. If 2,000 units used 30,600 pounds, which were purchased at $4.9 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance? Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. E a. Direct materials price variance b. Direct materials quantity variance c. Direct materials cost variance

Alvarado Company produces a product that requires 15 standard pounds per unit. The standard price is 55.00 per pound. If 2,000 units used 30,600 pounds, which were purchased at $4.9 per pound, what is the direct materials (a) price variance, (b) euantify vanance, and (c) cost variance? Enter a favorable variance as a negative. number using a minus sign and an unfavorable variance as o positive numbef