Answered step by step
Verified Expert Solution
Question
1 Approved Answer
During March, Bramble Inc. purchases and uses 11,300 pounds of materials costing $46,895 to make 5,200 tiles. Bramble's standard material cost per tile is $8.02
During March, Bramble Inc. purchases and uses 11,300 pounds of materials costing $46,895 to make 5,200 tiles. Bramble's standard material cost per tile is $8.02 (2 pounds of material x $4.10).
Compute the total, price, and quantity material variances for Bramble Inc for March. Identify whether each variance is favorable or unfavorable.
Total Materials Variance:
Materials Price Variance:
Materials Quantity Variance:
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started