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Brief Exercise 11-4 Simba Company's standard materials cost per unit of output is $8.40 (2.10 pounds x $4.00). During July, the company purchases and uses
Brief Exercise 11-4 Simba Company's standard materials cost per unit of output is $8.40 (2.10 pounds x $4.00). During July, the company purchases and uses 2,310 pounds of materials costing $12,243 in making 1,000 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 Materials price variance Materials quantity variance Click if you would like to Show Work for this question: Open Show Work
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