Nitkse company purchased at a cost of 10500 and used 3500

Reference no: EM13568167

Nitkse Company purchased (at a cost of $10,500) and used 3,500 kg of materials during May. Nitkse's standard cost of materials per unit produced is based on 2 kg per unit at a cost $3.80 per kilogram. Production in May was 1,490 units.

Calculate the total, price, and quantity variances for materials.

Reference no: EM13568167

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