Question
Simba Companys standard materials cost per unit of output is $10.00 (2.00 pounds x $5.00). During July, the company purchases and uses 3,200 pounds of
Simba Companys standard materials cost per unit of output is $10.00 (2.00 pounds x $5.00). During July, the company purchases and uses 3,200 pounds of materials costing $16,192 in making 1,500 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 your answer in dollars rounded to 0 decimal places | select a variance type FavorableNeither favorable nor unfavorableUnfavorable | ||
---|---|---|---|---|
Materials price variance | $enter your answer in dollars rounded to 0 decimal places | select a variance type UnfavorableFavorableNeither favorable nor unfavorable | ||
Materials quantity variance | $enter your answer in dollars rounded to 0 decimal places | select a variance type Neither favorable nor unfavorableFavorableUnfavorable |
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