Question: The following computation of the materials variances of Weitzen Foods

The following computation of the materials variances of Weitzen Foods is incomplete. The missing data are labeled (a) through (d).
Materials price variance = 3,640 pounds ×
[(a) standard price - $9.00 actual price] . . . . . . . . . . . . . . . . $910 Unfavorable
Materials quantity variance = (b) ×
[3,800 pounds - (c) actual quantity] . . . . . . . . . . . . . . . . . . $ (d)

Supply the missing data for items (a) through (d). Prepare a caption describing the item, as well as indicating the dollar amount and physical quantity. Briefly explain each answer, including how you determined the amount.



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  • CreatedApril 17, 2014
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