9007001 - Solution-Total Materials Variance Materials price...

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Solution-Total Materials Variance Materials price variance [ 1,250,000 x ($0.08 - $0.09) ] ($ 12,500) Unfavorable Materials usage variance [ (300,000 x 4.5) - 1,250,000 ] x $0.08 $ 8,000 Favorable Total variance ($ 4,500) Unfavorable
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Solution-Materials Variances Columnar: Standard cost for actual units (1,250,000 x $0.08) $ 100,000 Less: Actual cost for actual units (1,250,000 x $0.09) $ 112,500 Materials price variance ($ 12,500) (Unfavorable) Standard cost for standard units [ 300,000 x 4.5) x $0.08 ] $ 108,000 Less: Standard cost for actual units (1,250,000 x $0.08) $ 100,000 Materials usage variance $ 8,000
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  • Winter '15
  • Variance, materials price variance

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