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Business, 14.11.2019 21:31 diegop07

The following materials standards have been established for a particular product:

standard quantity per unit of output 4.7 grams

standard price $13.00 per grams

following data pertain to operations concerning the product for the last month:

actual materials purchased 3600 grams

actual cost of materials purchased $41940

actual materials used in production 2900 grams

actual output 550 units

the direct materials purchases variance is computed when the materials are purchased.

a.) what is the materials price variance for the month?

b.) what is the materials quantity variance for the month?

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The following materials standards have been established for a particular product:

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