The standard cost of Product B manufactured by Pharoah Company includes 2.6 units of direct...
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Accounting
The standard cost of Product B manufactured by Pharoah Company includes units of direct materials at $ per unit. During June, units of direct materials are purchased at a cost of $ per unit, and units of direct materials are used to produce 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
$
$
$
$
b
Compute the total materials variance and the price and quantity variances, assuming the purchase price is $ and the quantity purchased and used is units.
Total materials variance
Materials price variance
Materials quantity variance
$
$
$
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