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Calculate the total materials variance

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Reference no: EM132516426

Charlatte Company has determined that the standard cost to manufacture its product includes 2 units of direct materials at $6.00 per unit. During January, the company purchased 50,200 units of direct materials at a cost of $5.85 per unit and used 50,200 units of direct materials to produce 23,200 units of its product.

Question 1: Calculate the total materials variance, Materials Price Variance and Materials Quantity Variance and whether there favorable, unfavorable or neither.

Reference no: EM132516426

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