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Determine gumchara materials quantity variance

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Reference no: EM132070364

Question - Gumchara Corporation reported the following information with respect to the materials required to manufacture amalgam florostats during the current month:

Standard price per gram of material $4

Standard quantity of materials per amalgam florostat 5 grams

Actual materials purchased and used in production 6,000 grams

Actual amalgam florostats produced during the month 1,000 units

Actual cost of materials purchased $18,000

Normal monthly output 900 units

a. Determine Gumchara's materials price variance?

b. Determine Gumchara's materials quantity variance?

c. Will Gumchara's overhead volume variance be favorable or unfavorable? Why?

Reference no: EM132070364

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