The Delux Company purchased and used 2,900 yards of material in its manufacturing process.The actual cost of the materials was $2.20 per yard.Standard materials and costs were 2,700 yards at $2.00 per yard.
Required:
(a)Compute the materials quantity variance.
(b)Compute the materials price variance.
(c)Compute the total material variance.

Question

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The Answer of The Delux Company purchased and used 2,900 yards of material in its manufacturing process.The actual cost of the materials was $2.20 per yard.Standard materials and costs were 2,700 yards at $2.00 per yard.
Required:
(a)Compute the materials quantity variance.
(b)Compute the materials price variance.
(c)Compute the total material variance.

The Delux Company Purchased and Used 2,900 Yards of Material