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answer for materials quantity variance Waterway Company's standard materials cost per unit of output is $12.80 (2.00 pounds x $6.40). During July, the company purchases
answer for materials quantity variance
Waterway Company's standard materials cost per unit of output is $12.80 (2.00 pounds x $6.40). During July, the company purchases and uses 3,750 pounds of materials costing $27,000 in making 1750 units of finished product. Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, eg. 52.75 and final answers to decimal places, e.g. 52.) Total materials variance $ 4600 Unfavorable Materials price variance 3000 Unfavorable Materials quantity variance $ Unfavorable Step by Step Solution
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