Oriole Company budgeted the following cost standards for the current year:

Actual costs for producing $2,700$ units were as follows:

$($a$)$

Your answer is correct.

Calculate the materials price variance for materials purchased. $($Round per unit calculations to $2$ decimal places, e$.$g$.1\mathrm{.}25$ and final

answers to O decimal places, e$.$g$.125.)$

Materials price variance

$

Favourable

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Attempts: $1$ of $3$ use

$($b$)$

Your answer is partially correct.

Calculate the materials quantity variance. $($b$)$

Correct Answer

Your answer is correct.

Calculate the materials quantity variance.

Materials quantity variance

$

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Solution

Attempts: $3$ of $3$ used

$($c$)$

Calculate the labour price variance. $($Round per unit calculations to $2$ decimal places, e$.$g$.1\mathrm{.}25$ and final answers to $0$ decimal places, e$.$g$.$

$125.)$

Labour price variance $

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Attempts: $0$ of $3$ used