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Ceelo Company purchased (at a cost of $14,595) and used 2,100 pounds of materials during May. Ceelos standard cost of materials per unit produced is
Ceelo Company purchased (at a cost of $14,595) and used 2,100 pounds of materials during May. Ceelos standard cost of materials per unit produced is based on 1 pounds per unit at a cost $7.00 per pound. Production in May was 2,050 units.
(a)
Compute the total, price, and quantity variances for materials. (Round answers to 0 decimal places, e.g. 125.)
Total Materials Variance $
Materials Price Variance $
Materials Quantity Variance $
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