Question
Simba Company's standard materials cost per unit of output is $9.40(2.00pounds x $4.70). During July, the company purchases and uses3,080pounds of materials costing $16,632in making1,400units
Simba Company's standard materials cost per unit of output is $9.40(2.00pounds x $4.70). During July, the company purchases and uses3,080pounds of materials costing $16,632in making1,400units of finished product.
Compute the total, price, and quantity materials variances.(Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 52.)
Total materials variance$
enter a dollar amount rounded to 0 decimal places
select an option
Neither favorable nor unfavorable
Favorable
Unfavorable
Materials price variance$
enter a dollar amount rounded to 0 decimal places
select an option
Neither favorable nor unfavorable
Favorable
Unfavorable
Materials quantity variance$
enter a dollar amount rounded to 0 decimal places
select an option
Neither favorable nor unfavorable
Favorable
Unfavorable
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