Question
A company provided the following direct materials cost information. Compute the direct materials price variance. Standard costs assigned: Direct materials standard cost (408,000 units @
A company provided the following direct materials cost information. Compute the direct materials price variance. Standard costs assigned: Direct materials standard cost (408,000 units @ $2.30/unit) $ 938,400 Actual costs: Direct materials costs incurred (407,050 units @ $2.50/unit) $ 1,017,625
81,410 Favorable. $81,600 Favorable. $81,410 Unfavorable. $938,400 Favorable. $938,400 Unfavorable.
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
978-0078025587
