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Direct Materials Variances

Kearny Inc. produces tablet computers. The company uses crystal LCD displays for its products. Each tablet uses one display. The company produced $15,000$ tablets during February. However, due to LCD defects, the company actually used $15,250$ LCD displays during February. Each display has a standard cost of $$1\mathrm{.}90.$ The $15,250$ LCD displays were purchased for February production at a cost of $$27,450.$

Determine the price variance, quantity variance, and total direct materials cost variance for February.

Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

Price variance

Quantity variance

Total direct materials cost variance

$

$

$

Favorable

Unfavorable

Favorable