1. The standard cost per unit of material is $30 ($10 x 3).
2. The total inputs allowed per budget for actual outputs achieved = 21,000 (3 x 7,000).
3. The total actual direct material used to produce the actual outputs is 28,000 (7,000 x 4).
4. The material price variance = $28,000 Unfavorable ($3 - $4) x 28,000.
5. The material efficiency variance = $21,000 Unfavorable (28,000 - 21,000) x $3.
6. The flexible budget variance = $42,000 Unfavorable (28,000 x $9) - (21,000 x $10).
7. The item that would <em>never</em> appear on a cash budget is the <em>cost of direct </em><em>material variance</em>. However, the specific items are not indicated herein.
Data and Calculations:
Standard units of materials allowed = 3 units
Cost of a unit of material =$10
Standard cost direct material per unit of output = $30 ($10 x 3)
Number of units produced = 7,000
Actual direct materials per unit used = 4 units
Total quantities of materials used = 28,000 (7,000 x 4)
Cost of a unit = $9
Actual direct material cost per unit = $36 ($9 x 4)
Total quantities of materials purchased = 30,000
Cost of standard direct materials allowed = $210,000 ($10 x 3 x 7,000)
Cost of actual direct materials used = $252,000 ($9 x 4 x 7,000)
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