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During March, Sarasota, Inc. purchases and uses 10,300 pounds of materials costing $42,230 to make 4,700 tiles. Sarasota's standard material cost per tile is $8.10
During March, Sarasota, Inc. purchases and uses 10,300 pounds of materials costing $42,230 to make 4,700 tiles. Sarasota's standard material cost per tile is $8.10 (2 pounds of material x $4.05). Compute the total, price, and quantity material variances for Sarasota, Inc. for March. Identify whether each variance is favorable or unfavorable. Total Materials Variance Materials Price Variance $ Materials Quantity Variance $
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