Consider the following information for Dave Company for the month of May: Direct materials (DM) purchased and used 86,000 gallons Total quantity of DM budgeted to be used in May production 81,400 gallons Actual cost of DM purchased and used in May $230,200 Unfavorable DM quantity variance $12,880 What is the DM price variance in May

Direct material price variance = $ 10,600  favourable

Explanation:

The Direct material quantity variance($) = Direct material qty variance × standard price

Standard price  = Direct material quantity variance ($)/Direct material quantity variance in units

Direct material quantity variance in units= 86,000 - 81,400 = 4,600

Standard price  = $12,880/4,600 units = $2.8

Direct material price variance occurs when the actual quantity of materials are purchased at an actual price per unit higher or lower than the standard price.

Direct material price variance                                                    $

86,000 gallons should have cost (86,000× $2.8) =           240,800

But did cost                                                                            230,200

Direct material price variance                                               10,600  favourable

Direct material price variance = $ 10,600  favourable                                    

if you do not file your taxes you will not have a job, and you credit rate will go down.

forbearance of student loan payments. under forbearance, your loan payments are postponed (or reduced) but interest continues to accrue during the period of forbearance. if you don't pay the interest during that period, the interest may be “capitalized,” which means it is added to your principal balance.