Exercise $14-27($Static$)$ Direct Materials Price and Usage Variances $[$LO $14-3]$

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DES Company manufactures folding chairs. Direct materials include hard plastic for the seat and back and metal beams for the legs. The standard cost sheet for a single chair includes the following direct materials information:

Material Quantity Cost per Unit Total Cost

Hard plastic $2$ sheets $ $2\mathrm{.}65$ per sheet $ $5\mathrm{.}30$

Metal beams $4$ beams $ $1\mathrm{.}20$ per beam $4\mathrm{.}80$

$ $10\mathrm{.}10$

Last month, DES purchased $41,500$ sheets of hard plastic at a cost of $$102,920.$ The company also purchased $82,700$ metal beams at a cost of $$107,510.$ DES produced $20,800$ chairs. There was no beginning or ending inventory of plastic sheets or metal beams during the month.

Part $1($Static$)$

Required:

$1.$ Compute the following for last month$$s operations at DES Company:

a$.$ The price variance for hard plastic. Indicate whether the variance is favorable or unfavorable.

b$.$ The price variance for metal beams. Indicate whether the variance is favorable or unfavorable.

c$.$ The total direct materials price variance. Indicate whether the variance is favorable or unfavorable.

d$.$ The usage variances for hard plastic and metal beams, and the total direct materials usage variance. Indicate whether each variance is favorable or unfavorable.

$($Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.$)$