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The following materials standards have been established for a particular product: Standard quantity per unit of output 4 . 8 grams Standard price $ 1
The following materials standards have been established for a particular product:
Standard quantity per unit of output
grams
Standard price
$ per grams
The following data pertain to operations concerning the product for the last month:
Actual materials purchased
Actual cost of materials purchased
Actual materials used in production
Actual output
grams
$
grams
units
The direct materials purchases variance is computed when the materials are purchased.
Required:
a What is the materials price variance for the month? Input the amount as a positive
value. Leave no cells blank be certain to enter wherever required. Indicate the
effect of each variance by selecting F for favorable, U for unfavorable, and
"None" for no effect ie zero variance.
Materials price variance
b What is the materials quantity variance for the month? Input the amount a as
positive value. Leave no cells blank be certain to enter wherever required.
Indicate the effect of each variance by selecting F for favorable, U for
unfavorable, and "None" for no effect ie zero variance.
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