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Direct materials price variance=$30000(favorable ) Total Direct materials variance=$10000(unfavorable) Question: Direct materials quantity variance =$ ?(...

Direct materials price variance=$30000(favorable )

Total Direct materials variance=$10000(unfavorable)

Question: Direct materials quantity variance =$ ?( favorable or unfavorable?)

The answer is $40000(favorable), can you explain how it work out?

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Answer #1

Direct Materials Price Variance = $30,000 Favorable
Total Direct Materials Variance = $10,000 Unfavorable

Total Direct Materials Variance = Direct Materials Price Variance + Direct Materials Quantity Variance
Direct Materials Quantity Variance = Total Direct Materials Variance - Direct Materials Price Variance
Direct Materials Quantity Variance = (-$10,000) - ($30,000)
Direct Materials Quantity Variance = -$40,000

Direct Materials Quantity Variance = $40,000 Unfavorable

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