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4. Calculate the price and efficiency variances for direct material. a. Should these variances be investigated? Explain. b. Assume that both variances should be

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4. Calculate the price and efficiency variances for direct material. a. Should these variances be investigated? Explain. b. Assume that both variances should be investigated, what questions could John and Anne ask Holly that could help you determine the cause of the variances? List at least two. c. For the next period, should the Master Budget standard pounds of raw materials per unit be changed? Explain.

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To calculate the price and efficiency variances for direct material we need the following information Actual quantity of direct material used Actual p... blur-text-image

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