The following company information is available. The direct materials quantity variance is: Direct materials used for production 47,000 gallonsStandard quantity for units produced 45,400 gallonsStandard cost per gallon of direct material $ 10.00  Actual cost per gallon of direct material $ 10.20

Problem 16-64 (Algo) Direct Materials (LO 16-5)Information about direct materials cost follows for Jennings Chemicals: Standard price per gallon $ 56  Actual quantity used 4,430 gallonsStandard quantity allowed for production 4,460 gallonsPrice variance $ 18,163 U Required:What was the actual purchase price per gallon?Note: Round your answer to 2 decimal places.

The following company information is available for March. The direct materials price variance is: Direct materials purchased and used 4,700 feet @ $99 per footStandard costs for direct materials for March production 4,800 feet @ $97 per foot

Fill in the Blank QuestionFill in the blank question.A company sells a product for $3. Direct materials are $1.80 per unit. The company prepares a flexible budget at two sales volumes. At a sales volume of 50 units, budgeted direct materials will be $. At a sales volume of 60 units, budgeted direct materials will be $.

The standard materials cost to produce 1 unit of Product R is 5 pounds of material at a standard price of $48 per pound. In manufacturing 8,000 units, 39,000 pounds of material were used at a cost of $49 per pound. What is the total direct materials variance?

Given the following information, calculate the direct material efficiency variance.  Actual production in units17,000Standard cost for materials per unit$0.75 per pound × 3 poundsActual cost for materials$36,750 for 52,500 pounds Multiple choice question.$1,050 favorable$1,125 unfavorable$1,125 favorable$1,050 unfavorable