it Accounting 2016

Give Data P29.03A WEST TEXAS CHEMICAL COMPANY Standard Costs per Batch of Kylon Quantity Standard Standard Cost in Cost Material Starter Gallons per Gallon 2.20 $ per Batch 1,584 1,140 1,350 4.074 720 Acid 190 6.00 Activator 90 15.00 23.20 $ Total standard cost Additional Information: Production batches in gallons Number of gallons per drum of output Number of drums of Kylon produced in June, 2013 1,000 50 200 Materials Actually Used In June Quantity in Cost per Gallon 2.00 6.60 19.50 Gallons 7,270 1,940 630 Material Starter Acid Activator Student Name: Class Problem 29.03A WEST TEXAS CHE PANY Analysis of Materials Variance Month of June, 2019 Cost Standard Variance Cost Element Actual Quantity Starter Standard Price Gallons Price Quantity Variance Price Variance Acid Gallons Price Standard Actual Quantity Variance Price Variance Activator Standard Price Gallons Actual Quantity Variance Price Variance Totals WEST TEXAS CHEMICAL COMPANY Variances for Each Type of Material Variance Actual Standard Totals