Homework Answers
(a)
| Material A | Material B | |||
| Materials price variance | 1350 | U | 825 | U |
Working:
Materials price variance = AQP x (AP - SP)
Material A: 6750 x ($6.20 - $6.00) = $1350 U
Material B: 1650 x ($8.50 - $8.00) = $825 U
Note: Enter the amounts without the dollar sign.
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All I need is the Materials Price Variance for Material A
& B... thanks!
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e. Calculate the variable overhead rate variance.
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