Degregorio Corporation makes a product that uses a material with the following direct material standards: Standard quantity 3.8 kilos per unit Standard price $7.00 per kilo The materials price variance for November is: The company produced 5,600 units in November using 21,750 kilos of the material. During the month, the company purchased 24,800 kilos of the direct material at a total cost of $168,640. The direct materials purchase variance is computed when the materials are purchased.
The materials quantity variance for November is:
a. $3,290 F
b. $3,196 F
c. $3,290 U
d. $3,196 U
The materials price variance for November is:
a. $4,256 F
b. $4,256 U
c. $4,960 F
d. $4,960 U