# Bradley's materials quantity variance for the current month was exactly

Bradley's materials quantity variance for the current month was exactly one-half of its materials price variance. Both variances were unfavorable. The company's cost accountant has supplied the following standard cost information:
Standard price per pound of materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . \$20
Actual pounds purchased and used during the month . . . . . . . . . . . . . . . . . . 800 pounds
Actual cost per pound of materials purchased and used . . . . . . . . . . . . . . . . \$22
Actual units manufactured during the month . . . . . . . . . . . . . . . . . . . . . . . . . 760 units
Normal productive output per month . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 780 units
Instructions
a. Compute Bradley's materials price variance.
b. Compute the standard quantity of materials allowed for producing 780 units of product.
c. Record the journal entry to charge Work in Process for the cost of materials used during the month.
d. Assume Bradley's overhead volume variance is three times the amount of its materials quantity variance. Is the volume variance favorable or unfavorable? How do you know?

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