The standard cost of Product B includes 3 units of Direct Material at $5.00 per unit. During January, 29,000 units of direct material are purchased and used. The units of Direct material cost $4.75 per unit. The company produced 9,300 units. A. Calculate the Direct Material price variance B. Calculate the Direct Material quantity variance C. Calculate the Total Direct Material cost variance

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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The standard cost of Product B includes 3 units of Direct Material at $5.00 per unit. During January,
29,000 units of direct material are purchased and used. The units of Direct material cost $4.75 per
unit. The company produced 9,300 units.
A. Calculate the Direct Material price variance
B. Calculate the Direct Material quantity variance
C. Calculate the Total Direct Material cost variance

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