A manufacturing company has a standard cost of $50 per unit for direct materials, based on 5
Fantastic news! We've Found the answer you've been seeking!
Question:
A manufacturing company has a standard cost of $50 per unit for direct materials, based on 5 units per product. In April, 10,000 units were produced, using 45,000 units of direct materials at an actual cost of $2.25 per unit. Calculate the direct materials price variance and efficiency variance. Explain the implications of each variance.
Related Book For
Posted Date: