Simba Company's standard materials cost per unit of output is $8.00 (2.00 pounds x $4.00). During...

 

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Simba Company's standard materials cost per unit of output is $8.00 (2.00 pounds x $4.00). During July, the company purchases and uses 2,860 pounds of materials costing $15,158 in making 1,300 units of finished product. Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 52.) Total materials variance %2$ Materials price variance Materials quantity variance Click if you would like to Show Work for this question: Open Show Work Simba Company's standard materials cost per unit of output is $8.00 (2.00 pounds x $4.00). During July, the company purchases and uses 2,860 pounds of materials costing $15,158 in making 1,300 units of finished product. Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 52.) Total materials variance %2$ Materials price variance Materials quantity variance Click if you would like to Show Work for this question: Open Show Work

Answer rating: 100% (QA)

Material Price Variance Actual QuantityStandard Price Actual price 2860 x 4 53 3718 Unfavourable Sin... View the full answer