Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the standard cost of product b manufactured by san

The standard cost of Product B manufactured by Sandhill Company includes 3.6 units of direct...

60.1K

Verified Solution

Question

Accounting

The standard cost of Product B manufactured by Sandhill Company includes 3.6 units of direct materials at $5.90 per unit. During
June, 26,600 units of direct materials are purchased at a cost of $5.65 per unit, and 26,600 units of direct materials are used to
produce 7,300 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 $5.95 and the quantity
purchased and used is 26,500 units.
Total materials variance
Materials price variance
Materials quantity variance
image

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Psychology
1.2K views

John is a happy man with a healthy appetite and sex drive. After a farm accident,...

Physics
1.2K views

A uniform solid cylindrical log begins rolling without slipping down a ramp that rises 15.0 ∘...

Basic Math
1.2K views

ces Beginning inventory Merchandise Finished goods Cost of merchandise purchased Cost of goods manufactured Ending...

Basic Math
1.2K views

Rewrite csc tan CSC 1 tan u 9 u 2 0 2 9 u as...

Calculus
1.2K views

1 point Evaluate the triple integral where E is the solid 0 z 5 0...

Calculus
1.2K views

Find the domain of f x 8 x 1 Enter the solution in interval notation...

Algebra
1.2K views

Grace is riding her bike to the store from her house following a straight bike...

Algebra
1.2K views

Bill owns a small manufacturing business In 1 year he wants to buy a machine...

Algebra
1.2K views

Match the function fa 5 16 2 4 5 to the graph it represents 1

Accounting
1.2K views

please help i have no idea what im doing and im going to cry. if...

Accounting
1.2K views

Description of Control Activities Desired Confidence Level Sample Size Number of Deviations Computed Upper Deviation...

Accounting
1.2K views

Standard Direct Materials Cost per Unit from Variance Data The following data relating to direct...