The standard cost of Product B manufactured by Pharr ell Company includes 2.6 un

Question

The standard cost of Product B manufactured by Pharr ell Company includes 2.6 units of direct materials at $5.3 per unit. During June, 27,400 units of direct materials are purchased at a cost of $5.05 per unit, and 27,400 units of direct materials are used to produce 10,400 units of Product B. Compute the total materials variance and the price and quantity variances. Total materials variance $ Materials price variance $ Materials quantity variance $ Compute the total materials variance and the price and quantity variances, assuming the purchase price is $5.40 and the quantity purchased and used is 26,900 units. total materials variance $ Materials price variance $ Materials quantity variance $

Explanation / Answer

Answer:

Legends AR= Actual Rate 5.05 Given SR= Standard Rate 5.30 Given AQ= Actual Quantity 27400 Given SQ= Standard Quantity 27040 =10400*2.6 U= Unfavourable F= Favourable

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.