The following data relate to the direct materials cost for the production of 4,000 automobile tires: Actual:
Question:
Actual: 130,240 pounds at $1.65 ... $214,896
Standard: 128,760 pounds at $1.85 .. $238,206
a. Determine the price variance, quantity variance, and total direct materials cost variance.
b. To whom should the variances be reported for analysis and control?
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a Price variance Actual price 165 per pound Standard price 185 per pound Variancefavorable 020 per p...View the full answer
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Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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