Question: Crown Jewelry produced 1 200 rings during March The standard co

Crown Jewelry produced 1,200 rings during March. The standard cost of each ounce of gold used in a ring is $325 per ounce. The standard quantity of material for each ring is a half ounce of gold per ring. The cost of gold purchased and used in March was $224,000 at $350 per ounce. Determine the material price variance and the material quantity variance for March. Indicate whether each variance is favorable or unfavorable.


View Solution:


Sale on SolutionInn
Sales0
Views135
Comments
  • CreatedSeptember 23, 2013
  • Files Included
Post your question
5000