Answers
Solution:
The correct answer is Option (B). $6,400 unfavorable
From the given data first we need to Calculate Direct Material Price Variance
Direct Material Price Variance = Actual Material Purchased(Actual Rate - Standard Rate)
Direct Material Price Variance = 1,000 * ($1.75 - $0.25)
= $1,500 (Unfavorable)
Then we Calculate,
Direct Material Flexible Budget Variance = Direct Material Price Variance + Direct Material Quantity Variance
Flexible Budget Variance for Ammonia = $1,500 (U) + $4,900 (U)
= $6,400(Unfavorable)
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