Unit VIII question 2

<.<br>%4<br>%24<br>The following direct materials data pertain to the operations of Cheyenne Co. for the month of December.<br>Standard materials price<br>punod Jad 0<br>16,550 pounds<br>Actual quantity of materials purchased and used<br>The standard cost card shows that a finished product contains 4 pounds of materials. The 16,550 pounds were purchased in December<br>at a discount of 4% from the standard price. In December, 4,050 units of finished product were manufactured.<br>Calculate the materials variances. Identify whether each variance is favorable or unfavorable.<br>Materials Price Variance,<br>Materials Quantity Variance<br>Total Materials Variance<br>e Textbook and Media<br>Sevefor Later<br>Attempts: 0 of 3 used<br>Submit Answer<br>

Extracted text: <. %4="" %24="" the="" following="" direct="" materials="" data="" pertain="" to="" the="" operations="" of="" cheyenne="" co.="" for="" the="" month="" of="" december.="" standard="" materials="" price="" punod="" jad="" 0="" 16,550="" pounds="" actual="" quantity="" of="" materials="" purchased="" and="" used="" the="" standard="" cost="" card="" shows="" that="" a="" finished="" product="" contains="" 4="" pounds="" of="" materials.="" the="" 16,550="" pounds="" were="" purchased="" in="" december="" at="" a="" discount="" of="" 4%="" from="" the="" standard="" price.="" in="" december,="" 4,050="" units="" of="" finished="" product="" were="" manufactured.="" calculate="" the="" materials="" variances.="" identify="" whether="" each="" variance="" is="" favorable="" or="" unfavorable.="" materials="" price="" variance,="" materials="" quantity="" variance="" total="" materials="" variance="" e="" textbook="" and="" media="" sevefor="" later="" attempts:="" 0="" of="" 3="" used="" submit="">

Jun 03, 2022

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