The standard cost of Product B manufactured by Pharrell Company includes 2.4 units of direct materials...

 

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The standard cost of Product B manufactured by Pharrell Company includes 2.4 units of direct materials at $5.1 per unit. During June, 27,000 units of direct materials are purchased at a cost of $4.85 per unit, and 27,000 units of direct materials are used to produce 11,100 units of Product B. (a) Compute the total materials variance and the price and quantity variances. Total materials variance Materials price variance Materials quantity variance $ (b) $ Total materials variance Materials price variance Materials quantity variance. $ $ $ Favorable $ Favorable Unfavorable Compute the total materials variance and the price and quantity variances, assuming the purchase price is $5.15 and the quantity purchased and used Unfavorable Unfavorable # Unfavorable + # # # # 26,600 units. The standard cost of Product B manufactured by Pharrell Company includes 2.4 units of direct materials at $5.1 per unit. During June, 27,000 units of direct materials are purchased at a cost of $4.85 per unit, and 27,000 units of direct materials are used to produce 11,100 units of Product B. (a) Compute the total materials variance and the price and quantity variances. Total materials variance Materials price variance Materials quantity variance $ (b) $ Total materials variance Materials price variance Materials quantity variance. $ $ $ Favorable $ Favorable Unfavorable Compute the total materials variance and the price and quantity variances, assuming the purchase price is $5.15 and the quantity purchased and used Unfavorable Unfavorable # Unfavorable + # # # # 26,600 units.

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A CALCULTE VARIANCES TOTAL MATERIAL VARIANCE STANDARD COSTACTUAL COST 1... View the full answer