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Esteban Products produces instructional aids, including white boards, which use colored markers instead of chalk. These are particularly popular for conference rooms in educe and
Esteban Products produces instructional aids, including white boards, which use colored markers instead of chalk. These are particularly popular for conference rooms in educe and executive offices of large corporations. The standard cost of materials for this product is pounds at $ per pound.
During the first month of the year, boards were produced. Information concerning actual costs and usage of materials follows:
Materials purchased lbs@$
Materials used
Required:
Compute the materials price and usage variances.
Prepare journal entries on Jan. for all activity relating to materials.
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