Business, 18.05.2021 06:50 frisha

The following direct materials data pertain to the operations of AEE Manufacturing Company for the month of March: Standard materials price P10.00 per pound
Actual quantity of material purchased and used 32,800 pounds

The standard cost card shows that a finished product contains 4 pounds of material. The 32,800 pounds were purchased in March at a discount of 5% from the standard price. In March, 8,000 units of finished product were manufactured.

Instruction: Using the format presented in the text, calculate the total variance.

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