Gates Company reports the following information regarding the production on one of its products for the month. Compute the direct materials cost variance, the direct materials price variance, the direct materials quantity variance and identify each as either favorable or unfavorable. 
Definitions:
Sit Unsupported
The ability of an individual to maintain an upright sitting position without external support.
Lophotrochozoa
A branch of the protostomes that includes the flatworms, nemerteans (proboscis worms), mollusks, annelids, and the lophophorate phyla.
Ecdysozoa
A branch of the protostomes that includes animals that molt, such as the rotifers, nematodes, and arthropods.
Protostomes
A group in the animal kingdom characterized by the mouth developing before the anus during embryonic development.
Q1: A company paid $200,000 ten years ago
Q12: Which of the following was most recently
Q23: When a household is selected for participation
Q27: In ancient cultures, the concept of victim
Q49: Official statistics are often compiled and published
Q83: A cost that cannot be avoided or
Q112: An overhead cost variance is the difference
Q114: Management anticipates fixed costs of $72,500 and
Q137: The _ is the rate that yields
Q159: A budget can be an effective means