The standard materials cost to produce 1 unit of Product R is 5 pounds of material at a standard price of $41 per pound. In manufacturing 7,000 units, 34,000 pounds of material were used at a cost of $42 per pound. What is the total direct materials variance?

Multiple Choice

• $42,000 favorable.

• $35,000 unfavorable.

• $42,000 unfavorable.

• $7,000 unfavorable.

• $7,000 favorable.

The following company information is available. The direct materials quantity variance is:

Direct materials used for production	41,000	gallons
Standard quantity for units produced	39,500	gallons
Standard cost per gallon of direct material	$ 7.00
Actual cost per gallon of direct material	$ 7.10

Multiple Choice

• $11,200 unfavorable.

• $14,600 favorable.

• $14,600 unfavorable.

• $11,200 favorable.

• $10,500 unfavorable.

Summerlin Company budgeted 5,200 pounds of material costing $4.00 per pound to produce 2,000 units. The company actually used 5,700 pounds that cost $4.10 per pound to produce 2,000 units. What is the direct materials quantity variance?

Multiple Choice

• $520 unfavorable.

• $2,050 unfavorable.

• $570 unfavorable.

• $2,000 unfavorable.

• $2,570 unfavorable.