Answer to Question #66876 in Financial Math for purity

Question

chem co manufactures a single product product W and have provided you with the following information which relates to the period which has just ended
Standard cost per unit of product W

Materials Price per kilo total
Kilos $ $
F 15 4 60
G 12 3 36
H 8 6 48
35 144
Labour: Rates per hour
Hours $
Department P 4 10 40
Department Q 2 6 12
196
Budgeted sales for the period are 4,500 units at $ 260 per unit There were no budgeted opening or closing inventories of product W.
actual materials and labour used was as follows

Materials price per kilo total
Kilos $ $
F 59,800 4.25 254,154
G 53,500 2.80 149,800
H 33,300 6.40 213,120

Labour hours rate per hour
Department P 20,500 10.60 217,300
Department Q 9.225 5.40 51.660
4,100 units of product were produced and sold for $1,115,800.

Calculate the following variances
Material price
material Mix
Material usage