Brief Exercise 11-4

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Simba Companys standard materials cost per unit of output is $8.60 (2.00 pounds x $4.30). During July, the company purchases and uses 2,420 pounds of materials costing $12,826 in making 1,100 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 0 decimal places, e.g. 52.)

Total materials variance		$		FavorableNeither favorable nor unfavorableUnfavorable
Materials price variance		$		UnfavorableFavorableNeither favorable nor unfavorable
Materials quantity variance		$		Neither favorable nor unfavorableFavorableUnfavorable

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