Description of this paper

What is Sprinkle and Co's total materials cost variance

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solution


Question

Sprinkle and Co consume 40,000 lbs. of brass to make 160,000 nozzles, and expect brass to cost $2.20 per pound. During March, the firm bought 44,000 pounds of brass for $96,800. It used 43,500 pounds to make 175,000 nozzles.;What is Sprinkle and Co's total materials cost variance (i.e., the variance due to purchase PLUS the variance due to use) for the month of March? Enter favorable variances as a positive number and unfavorable variances as a negative number.

 

Paper#24133 | Written in 18-Jul-2015

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