EXC 23-5 - 2 QUESTIONS FOR THIS PROBLEM -

The standard cost of Product B manufactured by Pharrell Company includes2.6units of direct materials at $5.5per unit. During June,27,200units of direct materials are purchased at a cost of $5.45per unit, and27,200units of direct materials are used to produce10,400units of Product B.

(a) compute the total materials variance and the price and quantity variances.

Total materials variance	$	UnfavorableFavorableNeither favorable nor unfavorable
Materials price variance	$	FavorableUnfavorableNeither favorable nor unfavorable
Materials quantity variance	$

(b) Compute the total materials variance and the price and quantity variances, assuming the purchase price is $5.55and the quantity purchased and used is26,900units.

otal materials variance	$	Neither favorable nor unfavorableUnfavorableFavorable
Materials price variance	$	FavorableUnfavorableNeither favorable nor unfavorable
Materials quantity variance