Standard costs versus actual costs for materials Assembly of product P13 requires one unit of…


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Standard costs versus actual costs for materials Assembly of product P13 requires one unit of… 1 answer below » Standard costs versus actual costs for materials Assembly of product P13 requires one unit of component X, two units of component Y, and three units of component Z. Job J372 produced 220 units of P13. The following information pertains to material variances for this job, analyzed by component: COMPONENT X Y Z Price variance 160 U 120 F 192 U Quantity variance 168 U 100 U 84 F The actual material prices were $0.30 more, $0.20 less, and $0.50 more per unit for components X, Y, and Z, respectively, than View complete question » Standard costs versus actual costs for materials Assembly of product P13 requires one unit of component X, two units of component Y, and three units of component Z. Job J372 produced 220 units of P13. The following information pertains to material variances for this job, analyzed by component: COMPONENT X Y Z Price variance 160 U 120 F 192 U Quantity variance 168 U 100 U 84 F The actual material prices were $0.30 more, $0.20 less, and $0.50 more per unit for components X, Y, and Z, respectively, than their standard material prices per unit. Required (a) Determine the number of materials units consumed of each type of component. (b) Determine the standard materials price per unit of each type of component. View less » Jul 24 2014 07:51 AM

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