What is the budgeted price


Question: A company produces the follow incomplete information regarding actual and budgeted direct material and production:

                                 Budgeted         Actual
Units produced          1,500 UNITS      ? units               
Material used             6,000 kg          6,640 kg
Price pad per kg            $?                 $2.10

The following variances are known

    Material price variance            $664 U
    Material flexible variance        $1,144 U
    Material volume variance        $800 U

1. What is the budgeted price per kg?

2. What is the efficiency variance for direct materials?

3. What is the actual number of units produced?

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