Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please Compute the total, price and quantity THEN choose if the Total Labor variance, Labor Price Variance , Labor Quantity Variance is either
please Compute the total, price and quantity THEN choose if the "Total Labor variance", " Labor Price Variance" , " Labor Quantity Variance" is either "Neither favorable nor unfavorable" , "Favorable", " Unfavorable". Thank you
Simba Company's standard materials cost per unit of output is $10.25 (2.50 pounds x $4.10). During July, the company purchases and uses 3,150 pounds of materials costing $16,695 in making 1,400 units of finished product. Compute the total price, and quantity materials variances. (Round per unit values to 2 decimal places, eg. 52.75 and final answers to o decimal places, eg. 52.) Total materials variance $ Materials price variance $ Neither favorable nor unfavorable Favorable Unfavorable Materials quantity variance $Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started