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Compute the Materials Efficiency Variance

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Reference no: EM132872557

Question - Variance Analysis - Gerry's Tape, Inc. manufactures hockey tape (i.e., for sticks, pads, etc.).

Each roll of tape is supposed to use 1.5 kilograms of material. The expected price of this material is $2 per kilogram. The company expects to produce 100 rolls of tape per day.

At the end of the day, the company's records showed the following actual activity: they used 176 kilograms of material to produce 110 rolls of tape.

There was also a strange note, in non-descript handwriting that read:

The materials spending variance is $21, and it's unfavorable.

Required - Provide the following information. Note that if you are not able to calculate one or more pieces of information given the information provided, please state "not possible to compute."

Compute the Materials Efficiency Variance?

Compute the Materials Efficiency Variance Favorable or Unfavorable?

Compute the Materials Activity Variance?

Compute the Materials Activity Variance Favorable or Unfavorable?

Compute the Actual price of materials used?

Reference no: EM132872557

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