What is the total materials cost variance

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Reference no: EM132979586

Question: Durable Vinyl Company manufactures tables with vinyl tops. For each table, 6 square feet of vinyl at a standard cost of P1.30 per square foot are required. A production run of 1,000 tables in January, resulted in usage of 6,400 square feet of vinyl at atotal cost of P7,680.

1. The total materials cost variance is:

2. The materials usage (quantity) variance is :

3. The materials price (on usage) variance is:

4. Everlasting Container Company uses 5 pieces of "72 X 36" metal at P12 per piece as standard for the production of non-trust vats. During one month's operation, 4,800 vats were produced at a cost of P11.50 per pieces of materials. What is the total materials cost variance?

Reference no: EM132979586

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