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Compute material price and quantity variances

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Reference no: EM131160434

Brozen Valley is a chain of 55 coffee shops. The standard amount of ground coffee per cup is 0.75 ounces.

During the month of September, the company sold 306,600 cups of coffee (reported via electronic cash registers), and the 55 shops reported using 15,900 pounds of coffee.

Also during September, the company purchased 19,500 pounds of coffee at a cost of $274,950.

The standard price per pound is $14.

Compute material price and quantity variances. (Round answers to 0 decimal places, e.g. 125. Enter all variances as a positive number)

Reference no: EM131160434

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