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40000 units of products were as fallows: direct materials at 120000 lb. at $3.20 standard costs, 118,500 lb. at $3.25. Direct labor at 12000 hrs.
40000 units of products were as fallows: direct materials at 120000 lb. at $3.20 standard costs, 118,500 lb. at $3.25. Direct labor at 12000 hrs. at $24.40 standard costs, 11700 hrs. at $25.00. what is the direct materials price variance and direct materials quantity variance
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