Azure Company makes a product that requires a standard six yards of materials per unit.
The standard price per yard is $4.50. If 3,000 units required 18,500 yards of materials for production, and were purchased at a cost of $4.30 per yard, what is the Direct Materials (DM) Price Variance and (DM) Efficiency Variance?

Question

Azure Company makes a product that requires a standard six yards of materials per unit. 
The standard price per yard is $4.50. If 3,000 units required 18,500 yards of materials for production, and were purchased at a cost of $4.30 per yard, what is the Direct Materials (DM) Price Variance and (DM) Efficiency Variance?

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The Answer of Azure Company makes a product that requires a standard six yards of materials per unit. 
The standard price per yard is $4.50. If 3,000 units required 18,500 yards of materials for production, and were purchased at a cost of $4.30 per yard, what is the Direct Materials (DM) Price Variance and (DM) Efficiency Variance?

Azure Company Makes a Product That Requires a Standard Six