(a) What are the two variances between the actual cost and the standard cost for direct materials?...

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(a) What are the two variances between the actual cost and the standard cost for direct materials?
(b) Discuss some possible causes of these variances.

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Survey of Accounting

ISBN: 978-0538749091

5th Edition

Authors: Carl S Warren

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Question Posted: Oct 21, 2011 05:04 AM

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(a) What are the two variances between the actual cost and the standard cost for direct materials?...

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a The two variances in direct materials cost are 1 Price 2 Quantity b The price variance is the re...View the full answer

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