Groupers managers expected to produce 30,000 units of product in November. The standard cost for...
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Accounting
Groupers managers expected to produce 30,000 units of product in November. The standard cost for the materials used for 30,000 units is $ 269,280 and the standard cost per unit is $ 4.40 per litre. Actual production in November was 28,610 units. The company purchased and used 58,114 litres of materials costing $ 252,930.60.
1.What was the standard quantity of litres per unit? (Round answer to 4 decimal places, e.g. 15.2564.)
2.What was the direct materials efficiency variance for March? (Round answers to 0 decimal places, e.g. 125.) 3.What was the direct materials price variance for March?
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