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Malto Inc. maintains a standard cost system; as such, all inventories, including materials, are carried on the books at standard cost. Last period, Malto used
Malto Inc. maintains a standard cost system; as such, all inventories, including materials, are carried on the books at standard cost. Last period, Malto used pounds to produce units of Product C The company has established a standard of pounds of Material H per unit of C at a price of $ per pound of material. During the period, Malto purchased pounds of Material H The company spent $ per pound during the period to purchase material H
Required: Note whether variances are favorable or unfavorable
Calculate the direct materials purchaseprice variance for the period, rounded to the nearest dollar.
Calculate the direct materials usage variance for the period, rounded to the nearest whole dollar.
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