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You must submit a report detailing the manufacturing variances of the company for the month. It shows you the following information: Actual Units Manufactured
You must submit a report detailing the manufacturing variances of the company for the month. It shows you the following information: Actual Units Manufactured -2,000 Raw Material Cost (Price) Variance - $1,300 Variance on quantity of raw materials - $800 Actual raw material price-$2.25 per kilogram Actual quantities of raw materials used -5,600 kilograms Standard quantity of raw materials - 3 kilograms per unit Budgeted Units Manufactured -2,300 1) Calculate the actual quantity of raw materials purchased and the standard price of raw materials per unit.
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