Material Price and Quantity Variances
Not what you're looking for?
Bangkok Custom Shirt Company uses a special fabric in the production of dress shirts. During August, Bangkok Custom Shirt purchased and used 7,900 square yards in the production of 3,800 shirts at a total cost of B5,490,500. (B stands for the Thai baht. There are roughly 35 bahts to the U.S. dollar). The standard allows two yards at B700per yard for each shirt. Calculate the material price variance and material quantity variance.
Purchase this Solution
Solution Summary
The solution computes material price and quantity variances for Bangkok Custom Shirt.
Solution Preview
Material Price Variance(MPV)
MPV = (Standard cost - actual cost) * Actual quantity
Total cost in ...
Purchase this Solution
Free BrainMass Quizzes
Situational Leadership
This quiz will help you better understand Situational Leadership and its theories.
Income Streams
In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.
Team Development Strategies
This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.
Basics of corporate finance
These questions will test you on your knowledge of finance.
Marketing Management Philosophies Quiz
A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.