Materials Variances Assume that Pearle Vision uses standard costs to control the materials in its made-to-order sunglasses. The standards call for 3 ounces of material for each pair of lenses. The standard cost per ounce of material is $12. During July, the Santa Clara location produced 6,000 pairs of sunglasses and used 17,750 ounces of materials. The cost of the materials during July was $12.25 per ounce, and there were no beginning or ending inventories. Note: Round answers to the nearest whole number, when needed.

Required a. Determine the flexible budget materials cost for the completion of the 6,000 pairs of glasses. $Answer

b. Determine the actual materials cost incurred for the completion of the 6,000 pairs of glasses and compute the total materials variance. $Answer

actual materials cost

$Answer

AnswerUF

total materials variance

c. How much of the total variance was related to the price paid to purchase the materials? $Answer

AnswerUF

d. How much of the difference between the answers to requirements (a) and (b) was related to the quantity of materials used? (Hint: Compute materials quantity variance.)

$Answer

AnswerUF