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Compute the various variances

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Reference no: EM133206257

For producing one unit of a product, the materials standard is:

Material X : 8 lbs. @ $6 per lbs., and Material Y : 10 lbs. @ $4 per lbs.

In a week, 1,000 units were produced the actual consumption of materials was:

Material X : 4,900 lbs. @ $9 lbs., and Material Y: 2,800 lbs. @ $9.50 per lbs.

Compute the various variances.

Reference no: EM133206257

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