Business, 25.04.2020 01:47 munekalove69ounxwv

Ceramics produces large planters to be used in urban landscaping projects. A special earth clay is used to make the planters. The standard quantity of clay used for each planter is 19 pounds. The company uses a standard cost of $ 2.05 per pound of clay. Dolphin produced 4,250 planters in May. In that month, 85,000 pounds of clay were purchased and used at the total cost of $ 170,000.
Requirements:
1. Calculate the direct material price variance.
2. Calculate the direct material quantity variance.

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Ceramics produces large planters to be used in urban landscaping projects. A special earth clay is u...

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