Homework Answers
For producing 11,700, standard material required is 11,700 X 2.5 = 29,250
Total material variance = $3,740 Favourable - $4,305 Unfavourable = $565 Unfavourable
Material price variance = ($6.8 - $6.95) X 28,700 = $4,305 Unfavourable
Material quantity variance = (29,250 - 28,700) X $6.8 = $3,740 Favourable
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Compute the total, price, and quantity variances for
materials.
Total materials variance
$
Unfavorable or Favorable
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$
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$
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