Respuesta :
Answer:
The direct material price variance is $110 favorable
Explanation:
See attached file
![Ver imagen chamberlainuket](https://us-static.z-dn.net/files/de5/6ecec23f64bd259887d510c482b43cb7.png)
Answer:
The materials quantity variance = 117.5 Unfavorable
Explanation:
Given
Standard Quantity Direct materials 1.2 yards per scarf
Standard Price $4.70 per yard
Direct labor 0.15 hours per scarf $11.00 per hour
Actual Quantity 985 yards of material 800 scarves
Standard Quantity for 800 scarves= Standard Quantity * no of Scarves= 1.2* 800= 960 yards
Actual Quantity purchased 1,100 yards
Actual Price $4.60 per yard
Required The materials quantity variance
Formula: The materials quantity variance= (Standard Price * Actual Quantity)-(Standard Price * Standard Quantity)
We take the actual quantity used in the quantity variance not the quantity purchased.
The materials quantity variance =( 4.7* 985 )- (4.7* 960)
The materials quantity variance = 4629.5-4512
The materials quantity variance = 117.5 Unfavorable