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Paz-Bucheli & Le Technologies material quantity standard is 10.50 pounds per unit of output with a relatedstandard price of $15.00 per pound. In June, the total production amounted to 5,000 units using 52,000 poundsof the direct material. During the month, the company purchased 32,800 pounds of the direct material costing$524,800.00. Determine the material price variance, the material quantity variance and the spending variance.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92793973

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