$4.25 E22-5 The standard cost of Product B manufactured by Mateo CompanyFound in Business: Accounting
Chapter 1, # 0
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.
(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.
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