The standard cost of Product B manufactured by Sheridan Company includes 2.2 units of direct materials at $6.10 per unit. During June, 27,200 units of direct materials are purchased at a cost of $5.90 per unit, and 27,200 units of direct materials are used to produce 12,000 units of Product B. (a) Compute the total materials variance and the price and quantity variances. Total materials variance Materials price variance Materials quantity variance $ $ $ Unfavorable Favorable Neither favorable nor unfavorable

The standard cost of Product B manufactured by Sheridan Company includes 2.2 units of direct materials at $6.10 per unit. During June, 27,200 units of direct materials are purchased at a cost of $5.90 per unit, and 27,200 units of direct materials are used to produce 12,000 units of Product B. (a) Compute the total materials variance and the price and quantity variances. Total materials variance Materials price variance Materials quantity variance $ $ $ Unfavorable Favorable Neither favorable nor unfavorable

Name: 6 (b)Compute the total materials variance and the price and quantity v
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Description: 6 (b)Compute the total materials variance and the price and quantity variances, assuming the purchase price is $6.20 and the quantitypurchased and used is 26,200 units.Total materials varianceMaterials price variance$$Materials quantity variance $ Th

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter9: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 4E: The following data relate to the direct materials cost for the production of 50,000 automobile...

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