The standard cost of Product B manufactured by Bramble Company includes 2.7 units of direct materials at $6.20 per unit. During June, 26,700 units of direct materials are purchased at a cost of $6.05 per unit, and 26,700 units of direct materials are used to produce 9,800 units of Product B. (a) Compute the total materials variance and the price and quantity variances. Total materials variance $ Materials price variance $ Materials quantity variance $ (b) Favorable Unfavorable Compute the total materials variance and the price and quantity variances, assuming the purchase price is $6.25 and the quantity purchased and used is 26,500 units. Total materials variance $ Materials price variance $ Materials quantity variance $
The standard cost of Product B manufactured by Bramble Company includes 2.7 units of direct materials at $6.20 per unit. During June, 26,700 units of direct materials are purchased at a cost of $6.05 per unit, and 26,700 units of direct materials are used to produce 9,800 units of Product B. (a) Compute the total materials variance and the price and quantity variances. Total materials variance $ Materials price variance $ Materials quantity variance $ (b) Favorable Unfavorable Compute the total materials variance and the price and quantity variances, assuming the purchase price is $6.25 and the quantity purchased and used is 26,500 units. Total materials variance $ Materials price variance $ Materials quantity variance $
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The standard cost of Product B manufactured by Bramble Company includes 2.7 units of direct materials at $6.20 per unit. During
June, 26,700 units of direct materials are purchased at a cost of $6.05 per unit, and 26,700 units of direct materials are used to
produce 9,800 units of Product B.
(a)
Compute the total materials variance and the price and quantity variances.
Total materials variance
$
Materials price variance
$
Materials quantity variance
$
(b)
Favorable
Unfavorable
Compute the total materials variance and the price and quantity variances, assuming the purchase price is $6.25 and the quantity
purchased and used is 26,500 units.
Total materials variance
$
Materials price variance
$
Materials quantity variance
$
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