Ortes co. uses the following per unit standards in the, Ask an Expert

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ortes Co. uses the following per unit standards in the production of its only product:

Direct material - 18 pounds at $24 per pound
Direct labor - 6 hours at $36 per hour

During March company records showed the following:
Material Purchases - 12,000 pounds at a total cost of $264,000
Materials Used - 14,000 pounds
Direct Labor Hours - 4,700 Hours at $37.00 per hour
Units Produced - 750 Units

what is the material purchase price variance ?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9101091

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