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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 | $3,975.00 |
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 $ Unfavorable
C. What is the total direct materials cost variance?
Total direct materials cost variance $ Unfavorable
D. If the direct materials price variance was unfavorable, what would be the standard price?
Standard price $
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