Question
Degregorio Corporation makes a product that uses a material with the following direct material standards: standard quantity: 3.8 kilos/unit Standard price: $7/kilo The company produced
Degregorio Corporation makes a product that uses a material with the following direct material standards:
standard quantity: 3.8 kilos/unit
Standard price: $7/kilo
The company produced 5,600 units in November using 21,750 kilos of the material. During the month, the company purchased 24,800 kilos of the direct material at a total cost of $168,640. The direct materials purchases variance is computed when the materials are purchased. The materials quantity variance for November is: A. $3,290 F B. $3,196 F C. $3,290 U D. $3,196 U The materials price variance for November is: A. $4,256 F B. $4,256 U C. $4,960 F D. $4,960 U
i'll give 5 stars to anyone who can give me steps on how to solve this because i have no idea how to do it!
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