Avery Manufacturing builds roofing trusses and fence panels. For the last period, 20,000 kilograms of...
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Avery Manufacturing builds roofing trusses and fence panels. For the last period, 20,000 kilograms of wood were purchased at a cost of $1.10 per kilogram. Wood is set at a standard cost of $1.15 per kilogram. The roofing trusses were estimated to use 12,000 kilograms of wood and the fence panel was expected to use 7,000 kilograms. During the period, the roofing trusses actually used 13,800 kilograms will the fence panels used 6,000 kilograms. Required: Calculate the price and quantity variances for direct materials. Account for the actual spend on direct materials.
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