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Compute the direct materials quantity variance for the month

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Reference no: EM132807961

Huron Company produces a commercial cleaning compound known as Zoom. The direct materials and direct labour standards for one unit of Zoom are given below: Standard quantity or hoursStandard price or rateStandard cost Direct materials4.8 kilos£3.00 per kilo£14.40 Direct labour0.2 hours£10.00 per hour£2.00 During the most recent month, the following activity was recorded:1.5,400 kilos of material were purchased at a cost of £2.90 per kilo.2.All of the material purchased was used to produce 1,000 units of Zoom.3.A total of 160 hours of direct labour time was recorded at a total labour cost of £2,128.

Required:

Problem 1: Compute the direct materials price variance for the month.

Problem 2: Compute the direct materials quantity variance for the month.

Reference no: EM132807961

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