Calculate total materials variance and materials price


Rathman Company purchased (at a cost of $20,779) and used 4,248 pounds of materials during May. Rathman's standard cost of materials per unit produced is based on 3 pounds per unit at a cost $5 per pound. Production in May was 1,356 units. Compute the total, price, and quantity variances for materials. Total materials variance $ Materials price variance $ Materials quantity variance$

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Accounting Basics: Calculate total materials variance and materials price
Reference No:- TGS0711675

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