Question
imba Company's standard materials cost per unit of output is $10.35 (2.30 pounds x $4.50). During July, the company purchases and uses 3,105 pounds of
imba Company's standard materials cost per unit of output is $10.35 (2.30 pounds x $4.50). During July, the company purchases and uses 3,105 pounds of materials costing $16,767 in making 1,500 units of finished product.
Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 52.)
Total materials variance$
enter a dollar amount rounded to 0 decimal places
select an option
FavorableNeither favorable nor unfavorableUnfavorable Materials price variance$
enter a dollar amount rounded to 0 decimal places
select an option
FavorableUnfavorableNeither favorable nor unfavorable Materials quantity variance$
enter a dollar amount rounded to 0 decimal places
select an option
UnfavorableNeither favorable nor unfavorableFavorable
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