The standard cost of Product B manufactured by Pharrell Company includes 2.2 units of direct materials at $5.60 per unit. During June, 26,700 units of direct materials are purchased at a cost of $5.35 per unit, and 26,700 units of direct materials are used to produce 12.000 units of Product B (a) Compute the total materials variance and the price and quantity variances Total materials variance Materials price variance Materials quantity variance $ (b) $ $ Compute the total materials variance and the price and quantity variances, assuming the purchase price is $5.70 and the quantity purchased and used is 26,900 units. $ Total materials variance Materials price variance Materials quantity variance $ $ SUP

The standard cost of Product B manufactured by Pharrell Company includes 2.2 units of direct materials at $5.60 per unit. During June, 26,700 units of direct materials are purchased at a cost of $5.35 per unit, and 26,700 units of direct materials are used to produce 12.000 units of Product B (a) Compute the total materials variance and the price and quantity variances Total materials variance Materials price variance Materials quantity variance $ (b) $ $ Compute the total materials variance and the price and quantity variances, assuming the purchase price is $5.70 and the quantity purchased and used is 26,900 units. $ Total materials variance Materials price variance Materials quantity variance $ $ SUP

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Description: The standard cost of Product B manufactured by Pharrell Company includes 2.2 units of direct materials at $5.60 per unit. DuringJune, 26,700 units of direct materials are purchased at a cost of $5.35 per unit, and 26,700 units of direct materials ar

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter9: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 3PA: Direct materials, direct labor, and factory overhead cost variance analysis Mackinaw Inc. processes...

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