The following materials standards have been established for a particular product:
The following data pertain to operations concerning the product for the last month:
Required:
a)What was the materials price variance for the month?
b)What was the materials quantity variance for the month?

Question

The following materials standards have been established for a particular product:  
The following data pertain to operations concerning the product for the last month:  
Required:
a)What was the materials price variance for the month?
b)What was the materials quantity variance for the month?

Quizplus · Accepted Answer

The Answer of The following materials standards have been established for a particular product:  
The following data pertain to operations concerning the product for the last month:  
Required:
a)What was the materials price variance for the month?
b)What was the materials quantity variance for the month?

The Following Materials Standards Have Been Established for a Particular