direct materials 3.7kilos standard quantity hours standard price or rate 9.00 per kilo A. Purchased 151800 kilos raw material at 9.70 per kilo B Used 140870 kilos of raw material to produce 38100 units of work in process. materials price variance106260 U Lakatos Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs. There is no variable manufacturing overhead. The standard cost card for the companys only product contains the following information concerning direct materials:

quantity variance 900 F

1\1 cash 1130000 Raw Materials 50940 o work in processFinish goods 81510 pp 432900=rearnings 1704350etained