E-10 Need help figuring "Standard Price and B, C, and D

Homework: Module 3 Homework Assignment Save Score: 0 of 8 pts 16 of 18 (16 complete) HW Score: 65.66%, 32.83 of 50 p X E10-46 (similar to) Question Help Monteiro Company uses a standard cost system. Job 822 is for the manufacturing of 600 units of the product P521. The company's standards for one unit of product P521 are as follows: Requirements (a) Determine the direct material price variance for job 822 based on the actual quantity of materials used. (b) Determine the direct material quantity variance for job 822 based on the actual quantity of materials used. Determine the actual quantity of direct labor hours used on job 822. (d) Determine the actual labor costs incurred for job 822 Quantity Price Direct material 4 ounces $ 4 per ounce Direct labor 1 hours $ 14 per hour The job required 3,000 ounces of raw material costing $15,000. An unfavorable labor rate variance of $285 and a favorable labor efficiency variance of $420 also were determined for this job. (Click the icon for information regarding the formula selections.) Requirement (a) Determine the direct material price variance for job 822 based on the actual quantity of materials used. Determine the formula, then compute the direct material price variance. (Round dollar amounts to the nearest cent. Label the variance as favorable (F) or unfavorable (U).) CAP - SP ) AQ = Direct material price variance ( $ 5.00 - 9.00 ) 3.000 = 1500 U