Silverline Manufacturing planned to use 1.5 yards of fabric per unit, budgeted at $65 a yard. However, the fabric actually cost $67 per yard. The company actually made 1,500 units, although it had planned to make only 1,300 units. Total yards used for production were 2,280. How much is the total materials variance?
Silverline Manufacturing planned to use 1.5 yards of fabric per unit, budgeted at $65 a yard. However, the fabric actually cost $67 per yard. The company actually made 1,500 units, although it had planned to make only 1,300 units. Total yards used for production were 2,280. How much is the total materials variance?
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 5PA: Ed Co. manufactures two types of O rings, large and small. Both rings use the same material but...
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Question
How much is the total Material variance ?
Transcribed Image Text:Silverline Manufacturing planned to use
1.5 yards of fabric per unit, budgeted at
$65 a yard. However, the fabric actually
cost $67 per yard. The company actually
made 1,500 units, although it had planned
to make only 1,300 units. Total yards used
for production were 2,280. How much is
the total materials variance?
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