nouncements Help I S CALCULATOR PRINTER VERSION 4 BACK NEXT Brief Exercise 193 D

Question

nouncements Help I S CALCULATOR PRINTER VERSION 4 BACK NEXT Brief Exercise 193 During March, Patt, Inc. purchases and uses 8,800 pounds of materials costing $35,640 to make 4,000 tiles. Patt's standard material cost per tile is $8 (2 pounds of material x $4.00) Compute the total, price, and quantity material variances for Patt, Inc. for March. Identify whether the variance is favorable or unfavorable? on 34v ion 26 Total Materials Variance on 37 Materials Price Variance ?? Materiais Quantity Variance Question Attempts: O of 2 used SAVE FOR LATER

Explanation / Answer

Total Materials Variance = 4,000 x $ 8 - $ 35,640 = $ 3,640 U

Materials Price Variance = $ ( 4.00 - 4.05) x 8,800 pounds = $ 440 U

Materials Quantity Variance = ( 4,000 x 2 - 8,800) x $ 4.00 = $ 3,200 U

Total Materials Variance $ 3,640 Unfavorable Materials Price Variance $ 440 Unfavorable Materials Quantity Variance $ 3,200 Unfavorable

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