Sunshine Pty Ltd manufacturers curtains and establishes the following standards: Standard direct materials for each...
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Accounting
Sunshine Pty Ltd manufacturers curtains and establishes the following standards:
Standard direct materials for each curtain (13 metres @$27.00 per metre) $351 Budgeted number of curtains to be produced per month 2100 The following information relates to the month of March 2018: Purchase of direct materials 25000 metres for $625000 Actual direct material used 33000 metres Actual production 2200 curtains a)What is the direct materials price variance? b)What is the direct material quantity variance? (Please provide detailed solutions to the answers)
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