Business, 06.08.2019 03:20 jahkin0256

The following materials standards have been established for a particular product:
standard quantity per unit of output 6.0 meters
standard price $ 18.30 per meter
the following data pertain to operations concerning the product for the last month:
actual materials purchased 9,700 meters
actual cost of materials purchased $ 185,270
actual materials used in production 9,200 meters
actual output 1,510 units
a. what is the materials price variance for the month? b. what is the materials quantity variance for the month?

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The following materials standards have been established for a particular product:
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