Homework Answers
| total materials variance | |||||
| Actual cost - standard cost | |||||
| 15,741 - | 1500*9.68 | ||||
| 1221 | U | ||||
| Materials price variance | |||||
| (actual price - standard price)*AQ | |||||
| (15,741 - | 2970*4.4) | ||||
| 2673 | U | ||||
| Materials quantity variance | |||||
| (Actual qty - standard qty)*standard price | |||||
| (2,970 - | 1500*2.2) | *4.4 | |||
| 1452 | F | ||||
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