Solved: During march 10000 pounds of raw materials costing 155 per, Accounting Basics

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During march 10000 pounds of raw materials costing 155 per

Question - High Sounds manufactures wind chimes that have a standard material cost of 2 pounds of raw materials at $1.50 per pound. During March, 10,000 pounds of raw materials costing $1.55 per pound were used in making 4,800 wind chimes. What is the (1) materials price and (2) quantity variance?

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Accounting Basics: During march 10000 pounds of raw materials costing 155 per

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