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Simba Company’s standard materials cost per unit of output is $9.68 (2.20 pounds x $4.40). During July, the company purchases and uses 2,970 pounds of materials costing $15,741 in making 1,500 units of
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Simba Company’s standard materials cost per unit of output is $9.68 (2.20 pounds x $4.40). During July, the company purchases and uses 2,970 pounds of materials costing $15,741 in making 1,500 units of finished product. Compute the total, price, and quantity materials variances

User Daniel Ferradal
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15 votes
15 votes
Total materials variances = 1,221
Unfavorable price variance = 2,673
Unfavorable quantity variance = 1,452
Favorable total materials variance = 2,673
User Anestis
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