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D-List Calendar Co. specializes in manufacturing calendars that depict obscure comedians. The company uses a standard cost sys- tem to control its costs. During one

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D-List Calendar Co. specializes in manufacturing calendars that depict obscure comedians. The company uses a standard cost sys- tem to control its costs. During one month of operations, the direct materials costs and the quantities of paper used showed the E8-6 Computing materials variances following: Actual purchase price.... Standard quantity allowed for production Actual quantity purchased during month... Actual quantity used during month. Standard price per page. Calculate the following: 1. Total cost of purchases for the month 2. Materials purchase price variance 3. Materials quantity variance 4. Net materials variance $.175 per page 170,000 pages 200,000 pages 185,000 pages $.17 per page

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