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Module $8$ Homework.xlsx

E$10-7$

E$11-6$

$\backslash$table$[[$Exercise $11-6$ Calculating Material Variances$],[$Problem data follows:$],[,$Number of rings produced in March,$1,500,],[,$Standard cost of each ounce of gold,$1,000,],[,$Standard quantity of material in ounces,$0\mathrm{.}5,],[,$Cost of gold purchased and used in March,$788,480,],[,$Cost of gold purchased per ounce,$1,024,],[$Required$,],[],[$Determine the material price variance and the material quantity variance for March. Indicate whether each variance is favorable or unfavorable.$],[,,],[$Material price variance,,$],[,,,=,,],[$Favorable or unfavorable?,,$],[,,,,,],[$Material quantity variance,,,,$],[,,,=,,],[$Favorable or unfavorable?,,$]]$

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$8$

$10$

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