Total Materials Variance and Materials Price Variance
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Question 6
Buerhle Company purchased (at a cost of $11,500) and used 2,350 pounds of materials during May. Buerhle's standard cost of materials per unit produced is based on 2 pounds per unit at a cost $5 per pound. Production in May was 1,100 units.
Compute the total, price, and quantity variances for materials.
Total materials variance $
Materials price variance $
Materials quantity variance $
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Solution Summary
Total materials variance, materials price variance and materials quantity variance is determined.
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Dear student,
Solution to your posted problem is provided herewith. It is also provided in a separate word document attached in the format given by you.
Computation of Direct Material variances
Preliminary working:
Standard Quantity or Usage for actual output achieved =
Actual output X Standard input allowed per unit of output
...
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