Buerhle Company purchased at a cost of $12,802) and used 3,700 kg of materials during May

Subject:AccountingPrice:2.87 Bought7

Share With

Buerhle Company purchased at a cost of $12,802) and used 3,700 kg of materials during May. Buerhle's standard cost of materials per unit produced is based on 2 kg per unit at a cost $3.55 per kilogram. Production in May was 1,780 units.

(a) Calculate the total, price, and quantity variances for materials.

Material price variance  $ -333                               Favourable

Material quantity variance $ 140                             Unfavourable

Material total variance  193                                      Unfavourable