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Gumchara Corporation reported the following information with respect to the materials required to manufacture amalgam florostats during the current month: Standard price per gram of

Gumchara Corporation reported the following information with respect to the materials required to manufacture amalgam florostats during the current month:

Standard price per gram of material $4
Standard quantity of materials per amalgam florostat 5 grams
Actual materials purchased and used in production 6,000 grams
Actual amalgam florostats produced during the month 1,000 units
Actual cost of materials purchased $18,000
Normal monthly output 900 units

a. Determine Gumchara's materials price variance

b. Determine Gumchara's materials quantity variance

c. Will Gumchara's overhead volume variance be favorable or unfavorable? Why?

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