What is kurup's total materials variance? Kurup Manufacturing has a standardof 3.4 pounds of materials per unit, at$14.80 per pound. In producing 1,050units, Kurup used 3,400 pounds ofmaterials at a total cost of $49,200.What is Kurup's total materialsvariance?

Step 1:First, calculate the standard cost for actual production: Standard cost for actual production…

Answered: Kurup Manufacturing has a standard of…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 14EA: Cool Pool has these costs associated with production of 20,000 units of accessory products: direct...

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Kurup Manufacturing has a standard of 3.4 pounds of materials per unit, at $14.80 per pound. In producing 1,050 units, Kurup used 3,400 pounds of materials at a total cost of $49,200. What is Kurup's total materials variance?