manufacture of units of product were as follows:
tableStandard Costs,Actual CostsDirect materials, at $ per lb at $ per lbDirect labor, hrs at $ per hr at $ per Factory overhead,tableRates per direct labor hr based on of normalcapacity of direct labor hrs:Variable cost $$ variable costFixed cost $$ fixed cost
Each unit requires hour of direct labor.
Required:
a Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.
tableDirect Materials Price Variance,$Favorable