Question: We make small elevators which can hold a maximum of ten passengers. One of the direct materials we use is industral strength carpetig for the

We make small elevators which can hold a maximum of ten passengers. One of the direct materials we use is industral strength carpetig for the floor of the elevator. the direct materials quantity stadard we use is 8 squares yards for each elevator. The standard cost of this carpeting is $12 per square yard. Last month the carpeting was purchased for $11 per square yard, and the production department used an average of 8.5 square yards of carpet to complete a total of 90 elevators.
A. Calculate the direct materials price variance for the month
B. Calculate the direct materials quantity variance for the month
c. What is the total variance for the month?

Step by Step Solution

3.42 Rating (158 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

A Materials price variance Actual priceStandard PriceActual Quan... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

1019-B-C-A-S-S(1114).docx

120 KBs Word File

Students Have Also Explored These Related Cost Accounting Questions!