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Business, 17.08.2019 21:10 JasJackson

Balt company maintains a standard cost system; as such, all inventories, including materials, are carried on the books at standard cost. last period, balt used 6,000 pounds of material h to produce 800 units of product c8. the company has established a standard of 7 pounds of material h per unit of c8, at a price of $7.50 per pound of material. during the period, balt purchased 3,000 pounds of material h. the company spent $20,000 during the period to purchase material h. required: 1. calculate the direct materials purchase-price variance for the period, rounded to the nearest dollar. 2. calculate the direct materials usage variance for the period, rounded to the nearest whole dollar.

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Balt company maintains a standard cost system; as such, all inventories, including materials, are c...
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