Question: EXERCISE 8 - I 4 Direct Materials Variances [ LO 8 - 4 ] Refer to the data in Exercise 8 - 1 3 .

EXERCISE 8-I4 Direct Materials Variances [LO8-4]
Refer to the data in Exercise 8-13. Assume that instead of producing 4,000 units during the month, the
company produced only 3,000 units, using 14,750 pounds of material. (The rest of the material purchased
remained in raw materials inventory.)
Required:
Compute the materials price and quantity variances for the month.
EXERCISE 8-I4 Direct Materials Variances [LO8-4] Refer to the data in

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