Giftmonger party supplies uses value stream income statements. these statements include three value streams and two non-value streams. the first value stream is the birthday party value stream. in this value stream, the value stream income statement shows the following cost numbers: a. $100,000 materials cost, b. $150,000 labor cost, and c. $75,000 variable overhead cost. (the firm has no fixed overhead.)

Turrubiates corporation makes a product that uses a material with the following standards standard quantity 8.0 liters per unit standard price $2.50 per liter standard cost $20.00 per unit the company budgeted for production of 3,800 units in april, but actual production was 3,900 units. the company used 32,000 liters of direct material to produce this output. the company purchased 20,100 liters of the direct material at $2.6 per liter. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for april is: