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Malone, Inc. manufactures one product called Tybos. The company uses a standard cost system and has established the following material and labor standards to produce

Malone, Inc. manufactures one product called Tybos. The company uses a standard cost system and has established the following material and labor standards to produce one unit of Tybo:

Standard Quantity Standard Price
Direct materials 2.5 pounds $3 per pound
Direct labor 0.6 hours $10 per hour

Malone estimates it would produce 6,400 units of Tybos for the month of March. During March, the following activity was recorded by the company relating to actual production of Tybos: The company produced 6,000 units during the month. A total of 16,000 pounds of materials were purchased and used at a cost of $2.75 per lb. a & b. The Materials Price Variance for March is $. Indicate whether this variance is favorable or unfavorable . c & d. The Materials Quantity Variance for March is $. Indicate whether this variance is favorable or unfavorable . e &f. The Materials Flexible Budget Variance is $ Indicate whether this variance is favorable or unfavorable .

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