was $8$ feet of vinyl per fender at a standard cost of $$1\mathrm{.}40$ per foot. The labor standard was $0\mathrm{.}024$ direct labor hour per fender at a standard cost of $$12\mathrm{.}00$ per hour.

Read the requirements. the variances as favorable $(F)$ or unfavorable $($U$).$ Abbreviations used. DM $=$ Direct materials, DL $=$ Direct labor.$)$

Actual quantity purchased

$1,780,000$

$1,780,000$

$

Actual price

$1\mathrm{.}30$

$1\mathrm{.}30$

Standard price

$=$ DM price variance

$=$$$178,000,F$

Determine the formula for the direct materials quantity variance, then compute the quantity variance for direct materials

$$ Actual quantity used

$1780000$ Standard quantity allowed $$

$)=$

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$10$:$33$ PM