The production manager is typically responsible for the direct material quantity variance.

True

False

Regent Corp uses a standard cost system to account for the costs of its one product. Materials standards are 2.9 pounds of material at $13 per pound and 4 hours of labor at a standard wage rate of $9. During July Regent Corp produced 3,240 units. Materials purchased and used totaled 10,090 pounds at a total cost of $132,820. Payroll totaled $148,280 for 13,270 hours worked.

a.	Calculate the direct materials price variance