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The following materials standards have been established for a particular product: Standard quantity per unit of output 3.1 grams Standard price $13.00 per grams The
| The following materials standards have been established for a particular product: |
| Standard quantity per unit of output | 3.1 | grams |
| Standard price | $13.00 | per grams |
| The following data pertain to operations concerning the product for the last month: |
| Actual materials purchased | 1,900 | grams |
| Actual cost of materials purchased | $ 22,135 | |
| Actual materials used in production | 1,200 | grams |
| Actual output | 360 | units |
| The direct materials purchases variance is computed when the materials are purchased. |
|
| A) What is the materials price variance for the month? B) What is the materials quantity variance for the month? |
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The Supervisory Mechanism Of Corporate Governance In China Supervisory Board And Audit Committee
Authors: Pao-Chen Lee
1st Edition
6205501945, 978-6205501948
