During june 28000 units of direct materials are purchased

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The standard cost of Product B manufactured by Mateo Company includes three units of direct materials at $5.00 per unit. During June, 28,000 units of direct materials are purchased at a cost of $4.70 per unit, and 28,000 units of direct materials are used to produce 9,000 units of Product B.

Compute the total materials variance and the price and quantity variances.

  • Total materials variance $
  • Materials price variance $
  • Materials quantity variance $

Repeat the question above, assuming the purchase price is $5.20 and the quantity purchased and used is 26,200 units.

  • Total materials variance $
  • Materials price variance $
  • Materials quantity variance $

Reference no: EM13595618

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