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    Variance calculations

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    Please see attached question.
    A company produces the follow incomplete information regarding actual and budgeted direct material and production:
    Budgeted Actual
    Units produced 1,500 UNITS ? units
    Material used 6,000 kg 6,640 kg
    Price pad per kg $? $2.10

    The following variances are known
    Material price variance $664 U
    Material flexible variance $1,144 U
    Material volume variance $800 U
    1. What is the budgeted price per kg?
    2. What is the efficiency variance for direct materials?
    3. What is the actual number of units produced?

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    https://brainmass.com/business/accounting/accounting-variance-calculations-245122

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    A company produces the follow incomplete information regarding actual and budgeted direct material and production:
    Budgeted Actual
    Units produced 1,500 UNITS ? units
    Material used 6,000 kg 6,640 kg
    Price pad per kg $? $2.10

    The following variances are known
    Material ...

    Solution Summary

    The solution explains how to calculate some figures given the variances.

    $2.19

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