Auto Suppliers Inc. provides the following standard and actual costs for direct materials to produce 3,000 units of product: Standard and Actual Costs Data Quantity for actual production  Price per lb. Standard  2,100 lbs. $5.70 Actual  2,900 lbs.  $5.20 Determine the direct material price variance. Group of answer choices -$1,450 favorable $3,110 unfavorable -$3,110 favorable $1,450 unfavorable

Please help with the first blank.

Riza Company uses a standard cost system. Information for raw materials for Product DEF for the month of August follows:Standard price per pound of raw materials                       $1.60Actual purchase price per pound of raw materials           $1.55Actual quantity of raw materials purchased                      2,000 poundsActual quantity of raw materials used                               1,900 poundsStandard quantity allowed for actual production            1,800 poundsQuestion: What is the materials purchase price variance? (label whether favorable or unfavorable; no dollar sign and comma)

A company provided the following direct materials cost information. Compute the direct materials quantity variance. Standard costs assigned: Direct materials standard cost (415,000 units @ $2.60/unit) Actual costs: Direct materials costs incurred (413,040 units @ $2.90/unit) Multiple Choice $5,096 Unfavorable. $5,684 Unfavorable $5,096 Favorable. $118,816 Favorable. $ 1,079,000 $ 1,197,816

Compute for spending variance.

The standard costs and actual costs for direct materials for the manufacture of 2,300 actual units of product are as follows: Standard Costs Direct materials Direct materials Actual Costs The direct materials price variance is Oa. $166 unfavorable Ob. $368 favorable Oc. $166 favorable Od. $368 unfavorable 1,040 kilograms at $8.51 2,300 kilograms at $8.35

Can you show me how this is done? How do I know if it is favorable or unfavorable?   Warren Company manufactures pans. Below is the information related to its direct material costs: Standard amount of material used per pan     1.9 lb. Standard cost per lb                                       $5.2 Actual amount of material used per pan        1.2 lb Actual cost per lb                                            $4.5 Actual number of pans produced and sold    2,360   Warren’s direct material spending variance is $__________   Indicate the amount and whether it is Favorable or Unfavorable by placing F or U by amount, do not skip a space and do not use $ in your answer. For example, if your answer is $1,000 favorable, answer 1000F Selected Answer:  4,335 Correct Answer:  10,573 ± 2 (F)

Sexson Corporation uses a standard cost system. The following information pertains to direct materials for the month of May. Standard price per lb.                                                                            $12.00 Actual purchase price per lb.                                                                 $11.00 Quantity purchased                                                                          6,200 lbs. Quantity used                                                                                   5,900 lbs. Standard quantity allowed for actual output                                     6,000 lbs. Actual output                                                                                   1,000 units Sexson reports its material price variances at the time of purchase. What is the standard quantity of direct materials per unit for Sexson Corporation?  Group of answer choices 6.00 lbs 7.00 lbs 6.50 lbs 6.20 lbs

The following data relating to direct materials cost for October of the current year are taken from the records of Good Clean Fun Inc., a manufacturer of organic toys: Line Item Description Value Quantity of direct materials used 5,700 lbs. Actual unit price of direct materials $3.40 per lb. Units of finished product manufactured 1,365 units Standard direct materials per unit of finished product 4 lbs. Direct materials quantity variance—unfavorable $840 Direct materials price variance—favorable $570 Determine the standard direct materials cost per unit of finished product, assuming that there was no inventory of work in process at either the beginning or the end of the month. If required, round your standard cost per unit answer to two decimal places. Line Item Description Unit Product finished fill in the blank 1 units     Standard finished product for direct materials used fill in the blank 2 units     Deficiency of finished product for materials used fill…

Zillow Inc. has the following data related to direct materials costs for the current month: actual cost for 7,000 pounds of material at $2.50 per pound and standard cost for 6,700 pounds of material at $3.20 per pound. What is the direct materials quantity or efficiency variance? Group of answer choices -$4,900 favorable $4,900 unfavorable $960 unfavorable -$960 favorable