Simba Company's standard materials cost per unit of output is $11.52 (2.40 pounds * $4.80). During July, the company purchased and uses 2,800 pounds of materials costing $14,280 in making 1,200 units of the finished product. Compute the total, price, and quantity of materials variances.

Simba Company's standard materials cost per unit of output is $11.52 (2.40 pounds * $4.80). During July, the company purchased and uses 2,800 pounds of materials costing $14,280 in making 1,200 units of the finished product. Compute the total, price, and quantity of materials variances.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 13E: Wyandotte Company provided the following information for the last calendar year: During the year,...

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