The standard cost of Product B manufactured by Sandhill Company includes 3.0 units of direct materials at $6.80 per unit. During June, 27,500 units of direct materials are purchased at a cost of $6.60 per unit, and 27,500 units of direct materials are used to produce 9,100 units of Product B. (a) Compute the total materials variance and the price and quantity variances, Total materials variance %24 Materials price variance Materials quantity variance (b) Compute the total materials variance and the price and quantity variances, assuming the purchase price is $6.90 and the quantity purchased and used is 26,500 units. Total materials variance Materials price variance Materials quantity variance $4

The standard cost of Product B manufactured by Sandhill Company includes 3.0 units of direct materials at $6.80 per unit. During June, 27,500 units of direct materials are purchased at a cost of $6.60 per unit, and 27,500 units of direct materials are used to produce 9,100 units of Product B. (a) Compute the total materials variance and the price and quantity variances, Total materials variance %24 Materials price variance Materials quantity variance (b) Compute the total materials variance and the price and quantity variances, assuming the purchase price is $6.90 and the quantity purchased and used is 26,500 units. Total materials variance Materials price variance Materials quantity variance $4

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Description: The standard cost of Product B manufactured by Sandhill Company includes 3.0 units of direct materials at $6.80 per unit. DuringJune, 27.500 units of direct materials are purchased at a cost of $6.60 per unit, and 27,500 units of direct materials ar

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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