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Determine the material quantity variance

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Reference no: EM132991242

Question 1 - Quality Roofs Company installs single roofs on residential houses. The standard materials cost for a type R-house is P1,250 based on 1,000 units of materials. During April, the company installed 20 type R-houses using 22,000 units of materials at a cost of P1.20 per material.

1. Determine the material quantity variance?

2. Determine the material price variance?

Question 2 - Actual quantity of material used- 20,000

Actual cost of materials used- P40,000

Standard cost per unit of materials- P2.10

Material quantity Variance- P420 unfavorable

1. Determine the total material cost variance?

2. What is the material price variance?

Question 3 - Standard cost of materials per gallon- P3

Standard cost of materials for the actual production- P15,000

Actual gallon consumed- 4,800

Material Price Variance- P2,400 unfavorable

1. Determine the total material cost variance?

2. Determine the materials usage variance?

Reference no: EM132991242

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