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6 years ago

9) McNabb Corporation makes shoe polish. The standard direct materials quantity is .5 pounds per container at a cost of $2.25 per pound. The actual usage for the production of 33,000 containers was .55 pounds per cushion at an actual cost of $2.20 per pound. Calculate the direct materials price variance and the direct materials quantity variance.
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Educator
6 years ago
Actual quantity = 33000 container x 0.55pounds = 18150 pounds

Direct material Price variance

= Actuall quantity x (Std price - actual price)

= 18150 pounds x ($2.25 - $2.20)

= $ 907.5 (favourable)

Standard direct material quanity for actual production = 33000 containers x 0,5 pounds = 16500 pounds

Direct materials quantity variance

= standard price x (standard quantity - actual quantity)

= $2.25 x (16500 - 18150)

= $3,712.5 (adverse)
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