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Calculate pelligrinis direct materials quantity variance

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Reference no: EM131798936

Pelligrini, Inc. makes high-quality swimsuits. During the year, the company produced 787 suits, using 1,220 yards of material, and the company purchased 1,069 yards of material for $4,494. The direct materials standard for the swimsuits allows 1.45 yards of material at a standard price of $5 per yard.

Calculate Pelligrini's direct materials quantity variance for the year. (If variance is zero, select "Not Applicable" and enter 0 for the amounts. Round answer to 0 decimal places, e.g. 15.)

Phelps Gold manufactures award medals. In August, Phelps produced 5,180 medals, 156 more than expected. During the month, the company purchased 1,170 ounces of gold for $950,000. The standard price for the gold is $815 per ounce. The company actually used 1,023 ounces of gold for production.

Calculate Phelps's direct materials price variance for the month. (If variance is zero, select "Not Applicable" and enter 0 for the amounts.)

Reference no: EM131798936

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