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The following materials standards have been established for a particular product: (4 marks Standard quantity per unit of output Standard price No beginning or ending
The following materials standards have been established for a particular product: (4 marks Standard quantity per unit of output Standard price No beginning or ending inventory 3.6 metre $10.20 per metre The following data pertain to operations concerning the product for the last month: Actual materials used and purchased Actual cost of materials purchased Actual output Required: 6,600 metres $63,690 1,780 units a) What was the materials price variance for the month? b) What was the materials quantity variance for the month
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