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The following materials standards have been established for a particular product:

Standard quantity per unit of output	3.7	grams
Standard price	$13.00	per grams

The following data pertain to operations concerning the product for the last month:

Actual materials purchased	2,500	grams
Actual cost of materials purchased	$ 29,125
Actual materials used in production	1,800	grams
Actual output	400	units

The direct materials purchases variance is computed when the materials are purchased.

Required:

a.

What is the materials price variance for the month? (Input the amount as a positive value. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.) b What is the materials quantity variance for the month? (Input the amount a as positive value. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.) 2 A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. Variable manufacturing overhead standards are based on machine-hours. Standard hours per unit of output 3.40 machine-hours Standard variable overhead rate $10.75 per machine-hour The following data pertain to operations for the last month: Actual hours 9,200 machine-hours Actual total variable manufacturing overhead cost $95,800 Actual output 2,500 units What is the variable overhead efficiency variance for the month? $3,952 U $7,433 F $7,525 U $7,433 U

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