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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

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 13,250
Direct materials price variance favorable $3,312.50

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 $

C. What is the total direct materials cost variance?

Total direct materials cost variance $

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

Standard price $

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