Digorno Company makes a product that uses a material with the following direct material standards: The company produced 5, 600 units in November using 21, 750 kilos of the material. During the month, the company purchases 24, 800 kilos of the direct material at a total cost of The direct materials purchases variance is computed when the materials are purchased. The material price variance for November is: Select one: a. $4, 256 F b. $4, 256 U c. $4, 960 F d. $4, 960 U Kennedy Corporation makes a product with the following standard costs: The company budgeted for production of 2, 400 units in June, but actual production was 2, 500 units. The company used 19, 850 pounds of direct material and direct labor-hours to produce this output. The company purchased 21, 700 pounds of the direct material $6.70 per pound. The actual direct labor rate was $ 19.20 per hour and the actual variable overhead rate was The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The materials quantity variance for June is: Select one: a. $4, 550 U b. $4, 355 F c. $4, 550 F d. $4, 355 F
