The following direct materials data pertain to the operations of ABC company for the month...
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Accounting
The following direct materials data pertain to the operations of ABC company for the month of March: standard material price $9 per kilogram, actual quantity of material purchased and used 65,000 kilo grams. the standard cost card shows that a finished product contains 4.75 kilograms of materials. the 65,000 kilograms were purchased in March at a discount of 10% from the standard price. in March, 13,000 units of finished product were manufactured. required: prepare a matrix for materials and calculate the materials variances.
please show all calculations.
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