Ch $21$: Homework

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Exercise $21-9($Algo$)$ Direct materials variances LO P$3$

Compute the $(1)$ direct materials price variance and $(2)$ direct materials quantity variance. $($Indicate the effect of each variance by selecting favorable, unfavorable, or no variance. Round "Cost per unit" answers to $2$ decimal places.$)$

$AQ=$ Actual Quantity

$SQ=$ Standard Quantity

$AP=$ Actual Price

$SP=$ Standard Price

Actual Cost

Standard Cost

Mc

Graw

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