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Sizzle Company uses a standard cost system to collect costs related to the production of its No-Stick lawn chairs. The direct material for the chairs
Sizzle Company uses a standard cost system to collect costs related to the production of its "No-Stick" lawn chairs. The direct material for the chairs is teflon. Sizzle uses a standard direct material cost of $49.60 per chair (0.8 pounds of teflon $62.00 per pound). During April, Sizzle purchased 2,500 pounds of teflon for $156,875. Sizzle used 2,150 pounds of this teflon in April to produce 2,200 lawn chairs. Required: Calculate Sizzle's materials price and materials quantity variances for April.
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