Clean Plate Company produces placemats. Each placemat calls for 0.2 meters of vinyl material; the material should

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Clean Plate Company produces placemats. Each placemat calls for 0.2 meters of vinyl material; the material should cost $1 per meter. In June, the company manufactured and sold 100,000 placemats. During the month, it used 20,200 meters of vinyl material. The total cost of the material was $19,796. Compute the direct materials price and direct materials quantity variances for June.

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Principles of Accounting

ISBN: 978-1133626985

12th edition

Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson

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