Using the standard unit costs that you computed in SE 3 and the following actual cost and
Question:
Using the standard unit costs that you computed in SE 3 and the following actual cost and usage data, compute the direct materials price and direct materials quantity variances:
Direct materials purchased and used (pounds).............55,000
Price paid for direct materials......................$10.00 per pound
Number of good units produced....................11,000 units
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Related Book For 
Managerial Accounting
ISBN: 9780538742801
11th Edition
Authors: Susan V. Crosson, Belverd E. Needles
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