Question
Bramble Company's standard materials cost per unit of output is $11.00 (2.50 pounds x $4.40). During July, the company purchases and uses 3,150 pounds
Bramble Company's standard materials cost per unit of output is $11.00 (2.50 pounds x $4.40). During July, the company purchases and uses 3,150 pounds of materials costing $16,695 in making 1,400 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 O decimal places, e.g. 52.) Total materials variance $ Unfavorable Materials price variance A Unfavorable Materials quantity variance $ Favorable
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
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