S114 similar to Hawthorm Landscaping produces faux boulders

S11-4 (similar to) Hawthorm Landscaping produces faux boulders to be used in vaous landscaping applications A special resh is used to make the bodders The standard quarfity of resin used for eath boulter is 2 pounds Hawthom uses a standard c st 1$18 per pound for the resin The compar y produced 11,000 bolden ike lnthat r rth, 21,75a po ndiof ein e preha ed-atotal est oso sa Alt-of2190 p ds e d ipndi bouldors in June 1. Calculate the direct material price variance 2. Calculate the direct materiall quantity variance Requirement 1.Calculate the direct material price variance inal variance amount to the nearest whole dollar Label the varlance as favorable (F) or unlavorable (U) Abbeeviations used DM Direct materias) price variance x ( Choose trom any list or enter any number in the input tiess and then ckk Check Answer N0 Type here to search

Solution

Standard Actual Particulars Quantity Rate amount Quantity Rate amount Materials            22,000.00                      1.80            39,600.00            21,750.00                      2.00            43,500.00 Actual output            11,000.00 Materials reqd (11000*2)            22,000.00 Materials used            21,500.00 DMPV = (SP-AP)*AQ purchased DMPV = (1.8 - 2)21750 DMPV = 4,350 U DMQV= (SQ-AQ Used)SP DMQV= (22000 - 21500)1.8 DMQV= 900 F