Answer Happy

Question Content Area
Ed Co. manufactures two types of O rings, large and small. Both
rings use the same material but require different amounts. Standard
materials for both are shown.
Large Small
Rubber 3 feet at $0.20 per foot
1.25 feet at $0.20 per foot
Connector 1 at $0.03 1 at
$0.03
At the beginning of the month, Ed Co. bought 25,000 feet of rubber
for $7,000. The company made 3,000 large O rings and 4,000 small O
rings. The company used 14,400 feet of rubber.
A. What are the direct materials price variance, the direct
materials quantity variance, and the total direct materials cost
variance? Enter all amounts as positive numbers. If required round
your answers to two decimal places.
Direct materials price variance $fill in the
blank 1
1,152

Unfavorable
Direct materials quantity variance $fill in the
blank 3
80

Unfavorable
Total direct materials cost variance $fill in the
blank 5
1,232

Unfavorable
B. If they bought 9,000 connectors costing $280, what would the
direct materials price variance be for the connectors? Round your
intermediate calculations to three decimal places.
Direct materials price variance $fill in the
blank 7
Unfavorable
C. If there was an unfavorable direct materials price variance of
$80, how much did they pay per foot for the rubber? Round your
answer to two decimal places.
Actual price $fill in the blank 9
0.21