Community Answer

Required answers are as under: Amount of the direct materials price variance Â $Â Â Â Â Â Â Â  12,000 If variance is F or UF Â UFÂ  Â  Â  Amount of direct materials usage (efficiency) variance Â $Â Â Â Â Â Â Â  50,000 If variance is F or UF Â FÂ  Â  Â  Amount of direct labour rate (price) variance Â $Â Â Â Â Â Â Â Â Â  4,500 If variance is F or UF Â UFÂ  Â  Â  Amount of direct labour efficiency (or usage) variance Â $Â Â Â Â Â Â Â Â Â  7,000 If variance is F or UF Â FÂ  Â  Detailed workings with formula are as under:Â  Part 1 Direct materials price variance =Â (Actual price of direct material per metre â€“ Standard price of ... See the full answer