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We Got Toys Mfg. produces two types of toys: trains and dolls. The company uses stainless steel to manufacture the trains and plastic to manufacture

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We Got Toys Mfg. produces two types of toys: trains and dolls. The company uses stainless steel to manufacture the trains and plastic to manufacture the dolls. Information regarding the usage of steel and plastic for the past year follows: Plastic Product Names Steel Direct materials information Standard pounds per unit 2 lb. Standard Price (SP) per pound $3.50 Actual Quantity (AQ) used per unit 1.5 lbs. Actual Price (AP) paid for material $2.75 Actual Quantity Purchased (AQP) and used 2,000 lbs. Price variance ? Quantity variance $569 U Flexible budget variance ? Number of units produced 325 What is the direct material quantity variance for plastic in the dolls? 1.5 lb. ? 2.00 lbs. $1.75 1,500 lbs $1,875 F ? $1,725 F 600 $150 favorable O $3,600 unfavorable O $3,600 favorable $150 unfavorable

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