Compute the total material variance

Reference no: EM131810535

The Good Times Company's budget for materials for the year is as follows: The actual number of games produced was 12,000 games.

Standard costs for each game were 3.5 pounds of material at a cost of $22.50 per pound.

The actual costs for each game were 3 pounds of material at a cost of $25.00 per pound.

compute the total material variance, the material price variance, and the material quantity variance

Reference no: EM131810535

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