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The standard cost card for a product shows that the product should use 4 kilograms of material B per finished unit and that the standard
The standard cost card for a product shows that the product should use kilograms of material B per finished unit and that the standard price of material B is $ per kilogram. During April, when the budgeted production level was units, units were actually made. A total of kilograms of material B were used in production and the inventories of material B were increased by kilograms during April. The total cost of material B purchased during April was $ What are Material Quantity Variance and Price Variance for material B during April? Show me your work!
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