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Sprague Company's standard materials cost per unit of output is $10 (2 kg $5). During July, the company purchases and uses 3,600 kg of materials
Sprague Company's standard materials cost per unit of output is $10 (2 kg $5). During July, the company purchases and uses 3,600 kg of materials costing $18,396 in making 1,510 units of finished product. Calculate the total, price, and quantity materials variances. (Round per unit calculations to 2 decimal places, e.g. 1.25 and final answers to 0 decimal places, e.g. 125.)
Question 1 x Your answer is incorrect. Try again. Sprague Company's standard materials cost per unit of output is $10 (2 kg x $5). During July, the company purchases and uses 3,600 kg of materials costing $18,396 in making 1,510 units of finished product. Calculate the total, price, and quantity materials variances. (Round per unit calculations to 2 decimal places, e.g. 1.25 and final answers to o decimal places, e.g. 125.) Total materials variance 33220 Favourable Materials price variance 2900.00 Favourable x Materials quantity variance 3232.20 Favourable
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