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ABC Container Company manufactures recyclable soft-drink cans

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ABC Container Company manufactures recyclable soft-drink cans. The following standards have been set by the production-engineering staff and the controller: Direct Material: Price: $17.5 per kilogram Quantity: 6oo kilogram Direct Labor: Rate: $13/hour Efficiency: 750 hour Actual material purchased and cost incurred for both direct material and direct labor were as follows: Direct Material: : Price: $16 per kilogram Quantity (Used): 570 kilogram Quantity (Purchased):585 kilogram Direct Labor: Rate: $14.5 per hour Efficiency: 680 working hours calculate direct-material price variance. (Favorable or unfavorable) Select one: O a. 855 U O b.-855 F c. 900 U d. -900 F Calculate direct material quantity variance. (Favorable or unfavorable) Select one: a.525 U o b.-525 F O C. 240 V O d. - 240 F Calculate direct-material total variance. (Favorable or unfavorable) Select one: a. 1,380 V O b.-1,380 F O C. 1,140 U O d. -1,140 F Calculate the direct material purchase price variance. (Favorable or unfavorable) Select one: a.-877-5F b.8775 U C. 240 V d. -240 F
Use the below information to answer questions one to four. ABC Container Company manufactures recyclable soft-drink cans. The following standards have been set by the production-engineering staff and the controller: Direct Material: Price: $17.5 per kilogram Quantity: 600 kilogram Direct Labor: Rate: $13/hour Efficiency: 750 hour Actual material purchased and cost incurred for both direct material and direct labor were as follows: Direct Material: Price: $16 per kilogram Quantity (Used): 570 kilogram Quantity (Purchased):585 kilogram Direct Labor: Rate: $14.5 per hour Efficiency: 680 working hours Calculate direct-material price variance. (Favorable or unfavorable) Select one: O a. 855 U b.-855 F O c. 900 U O d. -900 F