COSSAC Inc., use standard cost system to account for its only product. The materials standard per unit was 4 kilos at 5.10 kilo production data for April were as follows:

Materials

Used. 7800 kilos

Cost of materials used 40 950

Number of finished units

Produced. 2000

1. What is the materials quantity variance for april?

2. Compute for the price variance?

Answer rating: 100% (QA)

To calculate the materials quantity variance and the materials price variance well use the following ... View the full answer