Vaughn Company has determined that the standard cost to manufacture its product includes 2 units...
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Accounting
Vaughn Company has determined that the standard cost to manufacture its product includes 2 units of direct materials at $6.00 per unit. During January, the company purchased 50,500 units of direct materials at a cost of $5.80 per unit and used 50,500 units of direct materials to produce 23,100 units of its product. Calculate the total materials variance, and the price and quantity variances.
Materials Variance
$enter a dollar amount
select an option Neither favourable nor unfavourableFavourableUnfavourable
Materials Price Variance
$enter a dollar amount
select an option FavourableUnfavourableNeither favourable nor unfavourable
Materials Quantity Variance
$enter a dollar amount
select an option FavourableUnfavourableNeither favourable nor unfavourable
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