Question

Simba Company’s standard materials cost per unit of output is $8.40 (2.00 pounds x $4.20). During July, the company purchases and uses 2,160 pounds of materials costing $11,448 in making 1,200 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.)

Total materials variance		$enter a dollar amount rounded to 0 decimal places		select an option                                                          Neither favorable nor unfavorableUnfavorableFavorable
Materials price variance		$enter a dollar amount rounded to 0 decimal places		select an option                                                          UnfavorableFavorableNeither favorable nor unfavorable
Materials quantity variance		$enter a dollar amount rounded to 0 decimal places		select an option                                                          FavorableUnfavorableNeither favorable nor unfavorable

Answer 1