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Still Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is

Still Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hours and its standard cost card per unit is as follows:

Direct materials: 10 pounds at $8.00 per pound............................ $80.00

Direct labor: 4 hours at $14 per hour......................................... 56.00

Variable overhead: 4 hours at $5 per hour.................................. 20.00

Total standard cost per unit...................................................... $156.00

The planning budget for April was based on producing and selling 50,000 units. However, during April the company actually produced and sold 60,000 units and incurred the following costs:

Purchased 320,000 pounds of raw materials at a cost of $7.50 per pound. All of this material was used in production.

Direct laborers worked 220,000 hours at a rate of $15.00 per hour.

Total variable manufacturing overhead for the month was $561,000.

Required:

What raw materials cost would be included in the companys flexible budget for April?

What is the materials price variance for April?

What is the materials quantity variance for April?

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