d Co. manufactures two types of O rings, large and small. Both rings use the same material but require different amounts. Standard materials for both are shown. Large Small Rubber 3 fee
Ed Co. manufactures two types of O rings, large and small. Both rings use the same material but require different amounts. Standard materials for both are shown.
| Large | Small | |
| Rubber | 3 feet at $0.25 per foot | 1.25 feet at $0.25 per foot |
| Connector | 1 at $0.02 | 1 at $0.02 |
At the beginning of the month, Ed Co. bought 24,000 feet of rubber for $6,600. The company made 3,000 large O rings and 4,000 small O rings. The company used 14,600 feet of rubber.
A. What are the direct materials price variance, the direct materials quantity variance, and the total direct materials cost variance? Enter all amounts as positive numbers. If required round your answers to two decimal places.
| Direct materials price variance | $fill in the blank 1 |
|
| Direct materials quantity variance | $fill in the blank 3 |
|
| Total direct materials cost variance | $fill in the blank 5 |
|
B. If they bought 9,000 connectors costing $190, what would the direct materials price variance be for the connectors? Round your intermediate calculations to three decimal places.
| Direct materials price variance | $fill in the blank 7 |
|
C. If there was an unfavorable direct materials price variance of $150, how much did they pay per foot for the rubber? Round your answer to two decimal places.
| Actual price | $fill in the blank 9 |
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