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Soda CORP produced 150000 bottles of the orange soda for this quarter. Previously already calculated standards say that this will require 375000 pounds of the
Soda CORP produced 150000 bottles of the orange soda for this quarter. Previously already calculated standards say that this will require 375000 pounds of the direct materials. Currents standards say that the cost of exactly 1 pound of the raw materials is exactly 0.15 dollars. In this quarter they ended up only using 370000 pounds and they paid 62900 for all of these materials. Find the following three things: the price variance, quantity variance, cost variance that should be recorded this quarter
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