Homework Answers
| Total Materials Variance | $ 3,640 | Unfavorable |
| Materials Price Variance | $ 440 | Unfavorable |
| Materials Quantity Variance | $ 3,200 | Unfavorable |
Total Materials Variance = 4,000 x $ 8 - $ 35,640 = $ 3,640 U
Materials Price Variance = $ ( 4.00 - 4.05) x 8,800 pounds = $ 440 U
Materials Quantity Variance = ( 4,000 x 2 - 8,800) x $ 4.00 = $ 3,200 U
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