Question
The following materials standards have been established for a particular product: Standard quantity per unit of output 3.9 grams Standard price $12.00 per grams The
| The following materials standards have been established for a particular product: |
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| Standard quantity per unit of output | 3.9 | grams |
| Standard price | $12.00 | per grams |
| The following data pertain to operations concerning the product for the last month: |
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| Actual materials purchased | 2,800 | grams |
| Actual cost of materials purchased | $ 32,620 |
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| Actual materials used in production | 2,100 | grams |
| Actual output | 490 | 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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Principles Of Cost Accounting
Authors: Edward J. Vanderbeck
15th Edition
978-0840037039, 0840037031
