Question
Acoma, Inc., has determined a standard direct materials cost per unit of $6.80 (2 feet $3.40 per foot). Last month, Acoma purchased and used 4,400
Acoma, Inc., has determined a standard direct materials cost per unit of $6.80 (2 feet $3.40 per foot). Last month, Acoma purchased and used 4,400 feet of direct materials for which it paid $14,520. The company produced and sold 2,090 units during the month.
Calculate the direct materials price, quantity, and spending variances. (Round your intermediate calculations to 2 decimal places. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable.) Direct Matrerial Price Variance Direct Material Quantity Variance Direct Matreials Spending Variance |
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