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5. Techie Solvers produces 5-foot USB cables. During the past year, the company purchased 920,000 feet of plastic-coated wire at a price of $0.30 per
5. Techie Solvers produces 5-foot USB cables. During the past year, the company purchased 920,000 feet of plastic-coated wire at a price of $0.30 per foot. The direct materials standard for the cables allows 6 feet of wire at a standard price of $0.32. During the year, the company used a total of 1,040,000 feet of wire to produce 180,000 5-foot cables. Required Calculate Techie Solvers' direct materials quantity variance for the year. You may use any format as long as it shows all of your computations
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