Homework $6$

DM & DL variances; journal entries and costs:

Standard for One Unit

Direct material $4\mathrm{.}8$ gallons @ $$3$ per gallon

Direct labor $20$ minutes @ $$9$ per DLH

Actual Usage for July

Direct material $7,340$ gallons

Direct labor $516$ DLHs @ $$9\mathrm{.}02$ per DLH

a$.$ Compute the material purchase price variance and the material quantity variance,

Note: Do not use a negative sign with your answers.

$\backslash$table$[[$Material price variance,$$,2,600$ Unfavorable,$=$