Question: Allempl Mistory Current Attempt in Progress Your answer is partially correct. Simba Company's standard materials cost per unit of output is $8.40 (2.00 pounds x

 Allempl Mistory Current Attempt in Progress Your answer is partially correct.

Allempl Mistory Current Attempt in Progress Your answer is partially correct. Simba Company's standard materials cost per unit of output is $8.40 (2.00 pounds x $4.20). During July, the company purchases an uses 2,160 pounds of materials costing $11,448 in making 1,200 units of finished product. Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to O decimal places, e.g. 52.) Total materials variance $ -1,080 Unfavorable Materials price variance $ 1,152 Favorable Materials quantity variance to 72 Neither favorable nor unfavorable V

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!