Managerial Accounting: SE5 Clean Plate Company produces placemats

Managerial Accounting

SE5 Direct Materials Variances

Clean Plate Company produces placemats. Each placemat calls for 0.2 meters of vinyl material; the material should cost $1 per meter. In June, the company manfactured and sold 100,000 placemats. During the month, it used 20,200 meters of vinyl material. The total cost of the material was $19,796.

Compute the direct materials price and direct materials quantity variances for June.
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