Question: Standard Costing and Variance Analysis at Procter & Gamble Values: Standard Cost per Unit: $10 Actual Production: 50,000 units Actual Cost per Unit: $12 Requirements:

Standard Costing and Variance Analysis at Procter & Gamble

Values:

  • Standard Cost per Unit: $10
  • Actual Production: 50,000 units
  • Actual Cost per Unit: $12

Requirements:

  1. Calculate the materials price variance and materials usage variance for Procter & Gamble.
  2. Analyze the causes of the variances identified.

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