The standard cost of product b manufactured by tlc company

Reference no: EM13602164

The standard cost of product B manufactured by TLC company includes three units of direct materials at $6 per unit. During June 28000 units of direct materials are purchased at a cost of $5.64 per unit, and 28000 units of direct materials are used to produce 9000 units of product B.

a- Using the info above. Compute the total materials variance and the price and quantity variances.

b- Repeat the question above, assuming the purchase price at $6.24 and the quantity purchased and used is 26,200 units.

Reference no: EM13602164

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