Assembly of product P13 requires one unit of component X, two units of component Y, and three

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Assembly of product P13 requires one unit of component X, two units of component Y, and three units of component Z. Job J372 produced 220 units of P13. The following information pertains to material variances for this job, analyzed by component:

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The actual material prices were $0.30 more, $0.20 less, and $0.50 more per unit for components X, Y, and Z, respectively, than their standard material prices per unit.Required(a) Determine the number of materials units consumed of each type of component.(b) Determine the standard materials price per unit of each type ofcomponent.

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Management Accounting Information for Decision-Making and Strategy Execution

ISBN: 978-0137024971

6th Edition

Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young

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