The following standards have been established for a raw material used to make product I92: 
The following data pertain to a recent month's operations: 
The direct materials purchases variance is computed when the materials are purchased.
Required:
a. What is the materials price variance for the month?
b. What is the materials quantity variance for the month?
Definitions:
Author-Date System
A method of citation in academic writing that includes the author's last name and the work's publication date within the body of the text.
Author-Page Number
A citation format used to reference specific parts of a text by indicating the author's surname followed by the page number.
Footnotes or Endnotes
Textual notes placed at the bottom of the page or at the end of a document or book, providing additional information or citations.
Footnotes
Notes located at the bottom of a page that cite references or provide additional commentary.
Q4: Wales Kennel uses tenant-days as its measure
Q8: Aaker Corporation, which has only one product,
Q42: Comparing a static planning budget to actual
Q56: Pratt Corporation has two major business segments-Apparel
Q68: The Casket Division of Landazuri Corporation had
Q75: Hossack Corporation produces a single product and
Q178: Aaker Corporation, which has only one product,
Q200: Lee Corporation, which has only one product,
Q210: A common fixed cost is a fixed
Q320: The following materials standards have been established