Harold Manufacturing has a static direct materials budget of $480,000, which consists of 40,000 units times 2 yards of material per unit. Actual direct materials used this year were 85,000 yards and the total actual cost of those 85,000 yards was $522,750. The sales volume variance is $48,000 unfavorable. The efficiency variance is 18,000 favorable.

Please compute the variances below and indicate if favorable or unfavorable:

a. What is budgeted standard cost per yard of material?

b. how many actual units were made?

c. what is the actual price per yard of material

d. What is the price variance amount?

e. is the price variance amount favorable or unfavorable?

f. what is the flexible budget variance amount?

g. is the flexible budget variance favorable or unfavorable?

h. what is the static budget variance amount

i. is the static budget variance favorable or unfavorable?