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Actual Cost Standard Cost Actual Materials x Actual Rate Actual Materials x Standard Rate Standard Materials x Standard Rate 6,990 x $8.9 6,990 x $8.40
| Actual Cost | Standard Cost | ||||||||||
| Actual Materials | x | Actual Rate | Actual Materials | x | Standard Rate | Standard Materials | x | Standard Rate | |||
6,990 | x | $8.9 | 6,990 | x | $8.40 | x | $8.40 | ||||
| = | $62,211 | = | $58,716 | = | $ | ||||||
| Direct Materials Price Variance | Direct Materials Quantity Variance | ||||||||||
| $62,211 | - | $58,716 | $58,716 | - | $ | ||||||
| = | $3,495 | U | = | $ | U | ||||||
| Total Direct Materials Cost Variance | |||||||||||
| $62,211 | - | $ | |||||||||
| = | $ | U |
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Management Accounting Information for Decision-Making and Strategy Execution
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
6th Edition
137024975, 978-0137024971
