Fegox Firinghi (FF) Produces Flip Flops

Multiple Choice

Fegox Firinghi (FF) produces flip flops. Each flip-flop requires 2 lbs of Flub and 1 lb of Fleeb, which are planned to cost $8 and $3 per lb. respectively. During the month of May, FF purchased 22,000 lbs of Flub for $194,000 and 13,000 lbs of Fleeb for $42,000. All materials were consumed in producing 10,500 good flip flops. Which is true?

A) Direct materials price variances total $21,000 unfav
B) Direct material price variances total $6,950 unfav
C) The standard price of Flub should be revised
D) The standard price of Flub should not be revised
E) a) and c) only