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# \$4.25E22-5 The standard cost of Product B manufactured by Mateo Company

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Q:

E22-5 The standard cost of Product B manufactured by Mateo Company includes three

units of direct materials at \$5.00 per unit. During June, 28,000 units of direct materials

are purchased at a cost of \$4.70 per unit, and 28,000 units of direct materials are used

to produce 9,000 units of Product B.

Instructions

(a) Compute the total materials variance and the price and quantity variances.

(b) Repeat (a), assuming the purchase price is \$5.20 and the quantity purchased and

used is 26,200 units.

Tutorial

\$4.25
E22-5 The standard cost of Product B manufactured by Mateo Company
• This tutorial hasn't been purchased yet.
• Posted on Feb. 02, 2012 at 12:21:49AM
A:
Preview: ... Material quantity variance = (std input for actual output-actual input)*std rate=(3*9000-28000)*5 Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â  = 50 ...

The full tutorial is about 91 words long plus attachments.

Attachments:
E22-5.doc (52K) (Preview)