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The following materials standards have been established for a particular product: Standard quantity per unit of output 9 . 4 pounds Standard price $ 1
The following materials standards have been established for a particular product: Standard quantity per unit of output pounds Standard price $ per pound The following data pertain to operations concerning the product for the last month: Actual materials purchased pounds Actual cost of materials purchased $ Actual materials used in production pounds Actual output units The direct materials purchases variance is computed when the materials are purchased. Required: What is the materials price variance for the month? What is the materials quantity variance for the month? Note: Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and "None" for no effect ie zero variance Input all amounts as positive values.
The following materials standards have been established for a particular product:
Standard quantity per unit of output pounds
Standard price $ per pound
The following data pertain to operations concerning the product for the last month:
Actual materials purchased pounds
Actual cost of materials purchased $
Actual materials used in production pounds
Actual output units
The direct materials purchases variance is computed when the materials are purchased.
Required:
What is the materials price variance for the month?
What is the materials quantity variance for the month?
Note: Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and "None" for no effect ie zero variance Input all amounts as positive values.
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