The direct materials quantity variance is

The standard costs and actual costs for direct materials for the manufacture of 2,800 actual units of product are as follows: Standard CostsDirect materials     1,040 kilograms at $8.51 Actual CostsDirect materials     2,800 kilograms at $8.05 The direct materials price variance is a. $478 favorable b. $478 unfavorable c. $1,288 favorable d. $1,288 unfavorable

Huron Company produces a cleaning compound known as Zoom. The direct materials and direct labor standards for one unit of Zoom are given below: Direct materials Direct labor 1. Materials price variance 1. Materials quantity variance Standard Quantity or Hours 7.80 pounds 0.30 hours 2. Labor rate variance 2. Labor efficiency variance Standard Price or Rate $ 2.50 per pound $ 6.00 per hour Standard Cost During the most recent month, the following activity was recorded: a. 9,300.00 pounds of material were purchased at a cost of $2.20 per pound. b. All of the material purchased was used to produce 1,000 units of Zoom. c. 200 hours of direct labor time were recorded at a total labor cost of $1,400. Required: 1. Compute the materials price and quantity variances for the month. 2. Compute the labor rate and efficiency variances for the month. Note: For all requirements, Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e.,…

The following data relate to direct materials costs for February:Materials cost per yard: standard, $1.96; actual, $2.03Yards per unit: standard, 4.69 yards; actual, 5.19 yardsUnits of production: 9,400The direct materials quantity variance is