With minus sign. Enter a favorable variance as a negative number using a minus sign and...

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With minus sign. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. 10. Determine and interpret the direct materials price and quantity variances for the three materials. Enter the costs in dollars and cents (carried to three decimal places when required). Direct Materials Price Variance: Actual price Standard price Difference Actual quantity (units) Cream Base Natural Oils Bottles 0.016 $ 0.32 0.42 Direct materials price variance Indicate if favorable or unfavorable Favorable Enter the standard price to two decimal places. Direct Materials Quantity Variance: Actual quantity Standard quantity Difference Standard price Cream Base 10 OZS. OZS. $ $ OZS. btls. $ Unfavorable Favorable Natural Oils 11 OZS. Bottles 12 btls. ozs. OZS. btls. A With minus sign. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. 10. Determine and interpret the direct materials price and quantity variances for the three materials. Enter the costs in dollars and cents (carried to three decimal places when required). Direct Materials Price Variance: Actual price Standard price Difference Actual quantity (units) Cream Base Natural Oils Bottles 0.016 $ 0.32 0.42 Direct materials price variance Indicate if favorable or unfavorable Favorable Enter the standard price to two decimal places. Direct Materials Quantity Variance: Actual quantity Standard quantity Difference Standard price Cream Base 10 OZS. OZS. $ $ OZS. btls. $ Unfavorable Favorable Natural Oils 11 OZS. Bottles 12 btls. ozs. OZS. btls. A

Answer rating: 100% (QA)

Direct Materials Price Variance Standard price 0016 per oz cream base 032 per oz natural oils 042 per bottle Actual price 0015 per oz cream base 035 p... View the full answer