Simba Company's standard materials cost per unit of output is $9.24 (2.20 pounds x $4.20)....
50.1K
Verified Solution
Link Copied!
Question
Accounting
Simba Company's standard materials cost per unit of output is $9.24 (2.20 pounds x $4.20). During July, the company purchases and uses 2,376 pounds of materials costing $12,830 in making 1,200 units of finished product. Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 52.) $ Total materials variance Unfavorable Materials price variance Unfavorable $ Materials quantity variance Favorable
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
