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A company has provided the following data concerning one of the products in its standard cost system. Standard Quantity of Direct Materials: 10 ounces Standard
A company has provided the following data concerning one of the products in its standard cost system. Standard Quantity of Direct Materials: 10 ounces Standard Price of Direct Materials: $2.5/ounce The company has reported the following actual results for the product for April: Actual Output Raw Materials Purchased Actual Cost of Materials Purchased Raw Materials Used in Production 4600 units 45.000 ounces $200.000 48,000 ounces 4A. What is the actual price per ounce of Direct Material? 4B. Compute the materials price variance for April. 4C. Compute the materials quantity variance for April. 4D. What is the Direct Materials Spending variance for April
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