Question

Vaughn Company's standard materials cost per unit of output is $10.35 (2.30 pounds x $4.50). During July, the company purchases and uses 3,105 pounds of materials costing $16,767 in making 1,500 units of finished product. Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 52.)

          Vaughn Company's standard materials cost per unit of output is $10.35 (2.30 pounds x $4.50). During July, the company purchases and uses 3,105 pounds of materials costing $16,767 in making 1,500 units of finished product.
Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 52.)

Vaughn Company's standard materials cost per unit of output is 10.35 (2.30 pounds x4.50). During July, the company purchases and uses 3,105 pounds of materials costing 16,767 in making 1,500 units of finished product.
Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 52.)

Added by Janice G.

Horngren’s Cost Accounting

Srikant M. Datar, Madhav V. Rajan 16th Edition

Instant Answer

Solved by Expert Akash M

12/12/2023

Step 1

30 pounds x $4.50 = $10.35 Show more…

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Vaughn Company's standard materials cost per unit of output is $10.35 (2.30 pounds imes $4.50 ). During July, the company purchases and uses 3,105 pounds of materials costing $16,767 in making 1,500 units of finished product. Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 52.) Vaughn Company's standard materials cost per unit of output is $10.35(2.30 pounds $4.50).During July,the company purchases and uses3,105 pounds of materials costing$16,767 in making1,500 units of finished product. Compute the total, price, and quantity materials variances. (Round per unit values to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places,e.g.52.)