Question: Quick, please check and see if I did these correctly Acoma, Inc., has determined a standard direct materials cost per unit of S6.80 (2 feet

Quick, please check and see if I did these correctly has determined a standard direct materials cost per unit of S6.80 (2 feet x $3.40 per foot). Last month, Acoma purchased and used 4,700

Acoma, Inc., has determined a standard direct materials cost per unit of S6.80 (2 feet x $3.40 per foot). Last month, Acoma purchased and used 4,700 feet of direct materials for which it paid $15,510. The company produced and sold 2,160 units during the month. Calculate the direct materials price, quantity, and spending variances. (Round your intermediate calculations to 2 decimal places. Indicate the effect of each variance by selecting"F" for favorable, "U" for unfavorable.) Direct Materials Price Variance Direct Materials Quantity Variance Direct Materials Spending Variance 470 F 1,292 U 822 $

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