the first picture I need answers too/formulas

25 26 Actual cost per unit of product (AC): 27 Standard costs per unit of product (SC): 28 29 Alternate formula to compute DMCV = 30 (Actual cost - standard cost) per unit x # of units 31 33 A B 1 Problem 1: Direct Material Variances 2 3 The standard costs and actual costs for direct materials for the manufacture of 3,000 actual units 4. 5 Actual Standard 6 Material price per pound of direct material $8.00 $8.75 7 Quantity of material in pound per unit of product 0.65 0.45 8 Actual production untis of product 3,000 9 10 Required: 11 Compute the followings variances and indicate if they are favorable or unfavorable: 12 A. Direct material Price variance (DMPV) 13 B. Direct material Quantity variance (DMQV) 14 C. Total Direct material Cost variance (DMCV) 15 16 Solution: 17 ($1,462.50) favorable 18 A. DMPV = (AP-SP) XAQ for Actual Production 19 20 21 B. DMQV = (AQ - SQ) for Actual Production x SP $5,250.00 unfavorable 22 23 24 C. DMCV = DMPV + DMQV $3,787.50 unfavorable