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Hollister makes blended dress shirts. The company planned to produce and sell 35,000 shirts during 2019, but high demand led Fashionova to produce and sell 38,000. The only direct materials needed to manufacture the shirts are polyester and cotton. The standard quantities and prices of direct materials for each shirt are below:
Standard Quantities for 1 shirt Standard Prices
2.7 yards cotton fabric $1.80/yard cotton
.6 yards polyester fabric $2.40/yard polyester
Question 1: What amount was included in the company's flex budget for direct materials?
Question 2: What was the company's activity variance for direct materials during 2016?
Question 3: How many yards of cotton fabric were used in production during 2016?
Question 4: What was the company's total price variance for direct materials during 2016?
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