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The standard cost of product b by mateo company includes

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The standard cost of Product B 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 $ = favorable or unfavorable
  • material price variance $ = favorable or unfavorable
  • Material quantity variance$ = favorable or unfavorable

Reference no: EM13601825

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