Use the information provided to answer the questions.

Actual price paid per pound of material	$13.50
Total standard pounds for units produced this period	12,600
Pounds of material used	13,150
Direct materials price variance favorable	$4,602.50

All material purchased was used in production.

Enter all amounts as positive numbers.

A. What is the standard price for materials?

Standard price paid $___

B. What is the direct materials quantity variance?

Direct materials quantity variance $___ (Favorable, or Unfavorable?)

C. What is the total direct materials cost variance?

Total direct materials cost variance $___ (Favorable, or Unfavorable?)

D. If the direct materials price variance was unfavorable, what would be the standard price?

Standard price $___