Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

+ HW Chapter 17 Question 7 of 9 1.5/3 The standard cost of Product B manufactured by Bramble Company includes 3units of direct materials at

image text in transcribed

+ HW Chapter 17 Question 7 of 9 1.5/3 The standard cost of Product B manufactured by Bramble Company includes 3units of direct materials at $3.00per unit. During June 35.800units of direct materials are purchased at a cost of $2.7Oper unit, and 35,800units of direct materials are used to produce 11,720units of Product B. (a) Compute the total materials variance and the price and quantity variances, Total materials variance $ 6620 Favorable Materials price variance $ 11100 Favorable Materials quantity variance 4480 Unfavorable (b) Compute the total materials variance and the price and quantity variances, assuming the purchase price is $3.15 and the quantity purchased and used is 35.000units. Total materials variance $ 4310 Unfavorable Materials price variance $ 5430 Unfavorable Materials quantity variance $ 1120 Favorable

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advances In Quantitative Analysis Of Finance And Accounting (Vol. 5)

Authors: Lee Cheng Few

1st Edition

9812706283, 9789812706287

More Books

Students also viewed these Accounting questions