Question: Feedback Check My Work Determine the material price variance = ( actual cost per unit - standard cost per unit ) x actual quantity Compare
Feedback
Check My Work
Determine the material price variance actual cost per unit standard cost per unit actual quantity
Compare the actual to the standard cost and determine if the result from above is favorable or unfavorable
Determine the material usage variance actual quantity standard quantity standard cost per unit
Compare the actual to the standard quantities and determine if the result from above is favorable or unfavorable
Review the "How to Calculate Materials Variances: Formula and Columnar Approaches" example in your text.
the suggest formula for the material usage varience is incorrect because I keep getting the wrong answer??
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
