Material price and quantity variances The BanULaura Company uses three materials in the production of aquariums and
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Material price and quantity variances The BanULaura Company uses three materials in the production of aquariums and terrariums. Actual output is 680 units. Material standards and actual results are as shown below and on the following page.
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REQUIRED a. Compute the material price variance. b. Compute the material quantity variance. Resource KL-Silicates Bonding-Compound Glazing-Compound Per Unit Material Standards Quantity (Pounds) Price 25 545 $ .90 2.20 3.50
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