The following direct materials data pertain to the operations of Stone Wealth Manufacturing Company for the month of March.

Standard materials price $10.00 per pound

Actual quantity of material purchased and used 32,800 pounds

The standard cost card shows that a finished product contains 4 pounds of material. The 32,800 pounds were purchased in March at a discount of 5% from the standard price. In March, 8,000 units of finished product were manufactured.

Instructions

Prepare a matrix for materials and calculate the materials variances