The standard cost of product b manufactured by mateo

Reference no: EM13605237

The standard cost of Product B manufactured by Mateo Company includes three units of direct materials at $5.00 per unit. During June, 28,000 units of direct materials are purchased at a cost of $4.70 per unit, and 28,000 units of direct materials are used to produce 9,000 units of Product B.Compute the total materials variance and the price and quantity variances.

Total materials variance $ UnfavorableFavorable
Materials price variance $ UnfavorableFavorable
Materials quantity variance $ UnfavorableFavorable

Repeat the question above, assuming the purchase price is $5.20 and the quantity purchased and used is 26,200 units.

Total materials variance $ UnfavorableFavorable
Materials price variance $ FavorableUnfavorable
Materials quantity variance $ FavorableUnfavorable

Reference no: EM13605237

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