Vaughn Manufacturing has a materials price standard of $2.00 per pound. 4900 pounds of materials were purchased at $2.20 a pound. Theactual quantity of materials used was 4900 pounds, although the standard quantity allowed for the output was 3700 pounds. VaughnManufacturing's total materials variance is:a. $3380 U.b. $3380 F.c. $3620 U.d. $3620 F.

To calculate Vaughn Manufacturing's total materials variance, we need to consider both the materials…

Answered: Vaughn Manufacturing has a materials…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 9EB: Eagle Inc. uses a standard cost system. During the most recent period, the company manufactured...

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The standard costs and actual costs for direct materials for the manufacture of 2,700 actual units of product are as follows: Standard Costs Direct materials 1,040 kilograms at $8.83 Actual Costs Direct materials 2,700 kilograms at $8.10 The direct materials price variance is a. $1,971 favorable b. $1,971 unfavorable c. $759 unfavorable d. $759 favorable
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