Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pra The standard cost of Product B manufactured by Pharrell Company includes 3.7 units of direct materials at $6.80 per unit. During June, 26,600 units

image text in transcribed
Pra The standard cost of Product B manufactured by Pharrell Company includes 3.7 units of direct materials at $6.80 per unit. During June, 26,600 units of direct materials are purchased at a cost of $6.70 per unit, and 26,600 units of direct sige materials are used to produce 7,100 units of Product B. (a) Compute the total materials variance and the price and quantity variances. UL ES Total materials variance rin Materials price variance 57 Materials quantity variance tudy (b) Compute the total materials variance and the price and quantity variances, assuming the purchase price is $6.90 and the quantity purchased and used is 27,000 units. Total materials variance Materials price variance $ Intity pu Materials quantity variance Question Attempts: Unlimited

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

Wiley CIA Essentials Of Internal Auditing Exam Review 2022 Part 1

Authors: S. Rao Vallabhaneni

1st Edition

1119846285, 978-1119846284

More Books

Students also viewed these Accounting questions