Blossom Companys standards call for two feet of direct materials for each unit. The standard
price of one foot is $3.00. Actual production was 51,200 units requiring 106,200 feet of direct
materials. Blossom purchased 108,200 feet at a unit price of $3.10 per foot. Calculate the direct
materials price and quantity variances and indicate whether the variances are favorable or
unfavorable. Direct materials price variance $enter the direct materials price variance in dollars
select an option