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Simba Companys standard materials cost per unit of output is $9.84 (2.40 pounds x $4.10). During July, the company purchases and uses 2,640 pounds of
Simba Companys standard materials cost per unit of output is $9.84 (2.40 pounds x $4.10). During July, the company purchases and uses 2,640 pounds of materials costing $14,256 in making 1,000 units of finished product. Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 52.)
Total materials variance | $enter a dollar amount rounded to 0 decimal places | select a type of the variance Neither favorable nor unfavorableFavorableUnfavorable | ||
---|---|---|---|---|
Materials price variance | $enter a dollar amount rounded to 0 decimal places | select a type of the variance Neither favorable nor unfavorableFavorableUnfavorable | ||
Materials quantity variance | $enter a dollar amount rounded to 0 decimal places | select a type of the variance Neither favorable nor unfavorableFavorableUnfavorable |
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