help on 14 and 15 Name: The formula to compute direct material quantity variance

Question

help on 14 and 15

Name: The formula to compute direct material quantity variance is to calculate the a. actual costs- standard costs b. standard costs- actual costs c. (actual quantity standard price) - standard costs d. actual costs - (standard price * standard costs) 14. et Ths tolowvin dna rto eri sfor November Actual costs Standard costs 4,700 pounds at $5.40 4,500 pounds at $6.20 What is the direct materials price variance? a. $3,600 favorable b. $160 favorable c. $3,760 favorable d. $3,600 unfavorable 15.

Explanation / Answer

14 Direct material quantity variance = (actul quantity*Standard price)-Standard costs 15 Direct materials price variance = 4700*(5.4-6.2)= $3760 Favorable

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