The standard cost of Product B manufactured by Bramble Company includes 2.30 units of direct materials at $6.70 per unit. During June, 26,800 units of direct materials are purchased at a cost of $6.65 per unit, and 26,800 units of direct materials are used to produce 11,500 units of Product B. Compute the total materials variance and the price and quantity variances. Total materials variance $ Materials price variance 24 Materials quantity variance Compute the total materials variance and the price and quantity variances, assuming the purchase price is $6.75 and the quantity purchased and used is 26,700 units. Total materials variance Materials price variance 24 Materials quantity variance

The standard cost of Product B manufactured by Bramble Company includes 2.30 units of direct materials at $6.70 per unit. During June, 26,800 units of direct materials are purchased at a cost of $6.65 per unit, and 26,800 units of direct materials are used to produce 11,500 units of Product B. Compute the total materials variance and the price and quantity variances. Total materials variance $ Materials price variance 24 Materials quantity variance Compute the total materials variance and the price and quantity variances, assuming the purchase price is $6.75 and the quantity purchased and used is 26,700 units. Total materials variance Materials price variance 24 Materials quantity variance

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Description: The standard cost of Product B manufactured by Bramble Company includes 2.30 units of direct materials at $6.70 per unit. During June, 26,800 units of direct materials are purchased at a cost of $6.65 per unit, and 26,800 units of direct materials a

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The standard costs and actual costs for direct materials for the manufacture of 1,870 actual units of product are Standard Costs Direct materials 1,870 kilograms @$8.90 Actual Costs Direct materials 2,000 kilograms @ $8.25 The amount of the direct materials quantity variance is
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