If BE recognizes all variances at the earliest possible moment, what is the total material price variance?

 

Transcribed Image Text:

In May, 16,000 units of Z were produced by Shum Company, with the following actual prices and quantities of materials used: Price per pound Pounds used X Y $10.70 $ 13.40 211,000 124,000 What is the total direct materials mix variance for May? (Do not round Intermediate calculations.) In May, 16,000 units of Z were produced by Shum Company, with the following actual prices and quantities of materials used: Price per pound Pounds used X Y $10.70 $ 13.40 211,000 124,000 What is the total direct materials mix variance for May? (Do not round Intermediate calculations.)

Answer rating: 100% (QA)

The reason for material cost variance can be procuring material at a different price th... View the full answer