Enfield Industries purchased and consumed 45,000 gallons of direct material that was used in the production of 12,000 finished units of product. According to engineering specifications, each finished unit had a manufacturing standard of four gallons. If a review of Enfield's accounting records at the end of the period disclosed a material price variance of $4,500U and a material quantity variance of $1,800F, what is the actual price paid for a gallon of direct material? (Do not round intermediate calculations.)

Multiple Choice

• $0.60.

• $0.40.

• None of the answers is correct.

• Not enough information to judge.

• $0.70.

Amston Company recently completed 12,900 units of its single product, consuming 26,000 labor hours that cost the firm $447,200. According to manufacturing specifications, each unit should have required 2 hours of labor time at $17.60 per hour. On the basis of this information, determine Amstons total labor variance.

rev: 11_05_2018_QC_CS-146752, 11_07_2018_QC_CS-146752

Multiple Choice

• $13,920F

• $6,880F

• $13,920U

• $13,760F

• $6,880U