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4 Part 2 of 2 1.42 points eBook Print References ! Required information 30s Actual price per ounce 321,000+ 100,000 unces- 30.10 {} Knowledge Check 02 Pastel Papers Incorporated produces wrapping paper. The standard direct materials quantity is 0.20 pound per unit and the standard rate is $0.30 per pound. During June, the company actually purchased and used 1,800 pounds of direct materials to produce 7,500 units, at an average cost of $0.40 per pound. Calculate the direct materials price variance. O $180 favorable O $750 favorable O $750 unfavorable O $180 unfavorable Knowledge Check 03 Pastel Papers Incorporated produces wrapping paper. The standard direct materials quantity is 0.20 pound per unit and the standard rate is $0.30 per pound During lune the company actually purchased and used 1800 pounds of direct materials to produce 7500

Knowledge Check 02 Pastel Popers incorporated produces wropping poper. The standard direct materials quantity is 0.20 pound per unt and the standard. iate is $0.30 per pound. Duing June, the company actually purchased and used 1,800 pounds of direct moterlals to produce 7,500 units, at an average cost of 5040 per pound Calculate the direct matethals price variance. $180 favorable 5750 foworable $150 unfavorable $180 untarmable Knowledge Check 03 PastetPepers lncorporated produces wapping papec The standard direct matestals quantily is 0.20 pound per unit and the standard Knowledge Check O3 Pastel Papers Incorporated produces wrapping paper. The standard direct materlals quantity is 0.20 pound per unit and the standard rate is $0.30 per pound. During June, the company actually purchased and used 1,800 pounds of direct materials to produce 7.500 units, at an average cost of $0.40 per pound. Calculate the direct materials quantity variance. $90 unfavorable $60 unfavorable $90 favorable $60 favorable Knowledge Check 04 Calculate the direct materials spending variance when the direct materials price variance is $5,500 favorable and the direct materials quantity variance is $660 unfavorable. $4,840 unfavorable $6.160 unfavorable $4.840 tavorable

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