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Blue Companys standard materials cost per unit of output is $12 (2 pounds x $6). During July, the company purchases and uses 3,300 pounds of
Blue Companys standard materials cost per unit of output is $12 (2 pounds x $6). During July, the company purchases and uses 3,300 pounds of materials costing $20,031 in making 1,500 units of finished product. Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 52.)
Total materials variance | $enter a dollar amount rounded to 0 decimal places | select an option Neither favorable nor unfavorable, Unfavorable, Favorable | ||
---|---|---|---|---|
Materials price variance | $enter a dollar amount rounded to 0 decimal places | select an option Favorable, Neither favorable nor unfavorable, Unfavorable | ||
Materials quantity variance | $enter a dollar amount rounded to 0 decimal places | select an option Neither favorable nor unfavorable, Favorable, Unfavorable |
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