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Calculate the direct material price and usage variances

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Reference no: EM133160943

Question - SunRipe produces low calorie grape juice. The company developed the following standard costs for a case of juice:

Grams

Cost per
Gram

Total
Cost

Direct materials

50

$0.25

$12.50

The actual results for the year are:

Units produced (cases) 25,000

Direct materials purchased and used (grams) 1,325,000

Direct materials cost per gram $0.24

Required - Calculate the direct material price and usage (also called efficiency) variances and use your solution to answer the following questions.

Indicate if the direct material price variance is favourable (enter the letter F) or unfavourable (enter the letters UF).

Indicate if the direct material usage variance is favourable (enter the letter F) or unfavourable (enter the letters UF).

Reference no: EM133160943

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