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Using the following product information, calculate the direct materials price variance and the direct materials quantity variance. Indicate whether each variance is favorable or unfavorable.
Using the following product information, calculate the direct materials price variance and the direct materials quantity variance.
Indicate whether each variance is favorable or unfavorable.
Actual direct materials used AQ
pounds
Actual units produced
Actual cost of direct materials used
Direct materials standard pounds @ $ per pound
units
$
$ per unit
Actual Quantity
Standard Quantity
Actual Price
Standard Price
Note: Indicate the effect of the variance by selecting favorable, unfavorable, or no variance.
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