Birch Manufacturing makes bookcases. The company has the following details of its June production. Estimated Actual Number
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Birch Manufacturing makes bookcases. The company has the following details of its June production.
Estimated Actual Number of bookcases 10,000 11,000 Metres of wood 100,000 120,000 Price per metre 0.50p 0.49p Required:
Calculate the:
(i) overall direct materials cost variance
(ii) direct materials price variance
(iii) direct materials quantity variance. LO1
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