Standard and actual material information is given in the following table for four companies. Required: For each
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For each company, calculate the missing ï¬gures. Assume that the quantity of material purchased is the same as the quantity of material used in each case.
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Company A CompanyB Company C Company D 14,400 pts. 3,600 ga $18/gal. S60,000 Units produced Standard quantity 10,000 6lbs 氵lbs. S12/lb per unit Standard quantity 24 oz. 8 pieces allowed Standard cost 82,400 pieces S24/lb per quantity Actual quantity used 24,050 Ibs. 15,100 lbs. Actual material cost S280,000? Material price S?/piece 83,420 pieces 250,000 variance 83,700F ? Material quantity variance S480 F S2,400 LT S450 F $3,009 LT
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Company A MPV AP AQ SP AQ MPV 280000 12 24050 MPV 280000 288600 MPV 8600 F MQV SP AQ SP SQ 480 12 24...View the full answer
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