Reference no: EM132791516

Question - The following is taken from the standard cost card: Material standards for one bag of Zee: 44 grams of Herb Z at a price of $0.54 per gram.

During November, the company actually produced 200 bags of Zee, purchased 9,300 grams of Herb Z at an average price of $0.45 per gram, and used 9,400 grams of Z in production.

Required -

A. Compute the total dollar amount paid to purchase Herb Z in November.

B. Compute the materials price variance for November.

C. The variance computed in Part B was: Choose:

Favorable

Unfavorable

D. According to standard, how many grams of Herb Z should have been used for November's Zee production?

E. Compute the materials quantity variance for November. (Do not indicate whether favorable or unfavorable).