Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

pls help thank uou The standard cost of Product B manufactured by Pharoah Company includes 3.5 units of direct materials at $5.40 per unit. During

pls help thank uou
image text in transcribed
The standard cost of Product B manufactured by Pharoah Company includes 3.5 units of direct materials at $5.40 per unit. During June, 27,300 units of direct materials are purchased at a cost of $5.15 per unit, and 27,300 units of direct materials are used to produce 7,600 units of Product B. (a) Compute the total materials variance and the price and quantity variances. Total materials variance Materials price variance Materials quantity variance (b) Compute the total materials variance and the price and quantity variances, assuming the purchase price is $6.25 and the quantity purchased and used is 26,300 units. Total materials variance Materials price variance Materials quantity variance $ $ $ $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, George Foster, Srikant M. Datar, Howard D. Teall

4th Canadian Edition

0131971905, 978-0131971905

More Books

Students also viewed these Accounting questions

Question

4 What are the main practices associated with SHRM?

Answered: 1 week ago