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Joffrey, the production manager of a large company, reports the following data for the production of the company single product: Standard material for each unit:
Joffrey, the production manager of a large company, reports the following data for the production of the company single product: Standard material for each unit: 4 pounds @ $a per pound ($12 per unit) Planned production 13,000 units Actual production 11,500 units Direct materials purchased and used in 45,000 pounds production Cost of direct materials purchased $148,500 The amount of direct materials quantity variance and direct materials price variance are as follows: Quantity Variance Price Variance $13,500 unfavorable $ 3,000 unfavorable $3,000 favorable $13,500 unfavorable $21,000 unfavorable $13,500 favorable O $21,000 favorable $13,500 favorable
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