Direct Materials Variances The following data relate to the direct materials cost for the production of 2,100 automobile tires Actual 56,800 lbs at $1 95 per lb Standard 57,900 lbs at $2 per lb a Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Direct Materials Price Variance $ Direct Materials Quantity Variance $ Total Direct Materials Cost Variance $ b The direct materials price variance should normally be reported to the If lower amounts of direct materials had been used because of production efficiencies, the variance would be reported to the If the favorable use of raw materials had been caused by the purchase of higher quality raw materials, the variance should be reported to the Direct Materials Variances The following data relate to the direct materials cost for the production of 2,100 automobile tires Actual 56,800 lbs at $1 95 per Ib Standard 57,900 lbs at $2 per lb a Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number Direct Materials Price Variance Direct Materials Quantity Variance Total Direct Materials Cost Variance Favorable b The direct materials price variance should normally be reported to the Unfavorable flower amounts of direct materials had been used because of production efficiencies, the variance would be reported to the If the favorable use of raw materiale odsed by the purchase of higher quality raw materials, the variance should be reported to the

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Direct Materials Variances The following data relate to the direct materials cost for the production of 2,100 automobile tires: Actual: 56,800 lbs. at $1.95 per

Direct Materials Variances

The following data relate to the direct materials cost for the production of 2,100 automobile tires:

Actual:	56,800 lbs. at $1.95 per lb.
Standard:	57,900 lbs. at $2 per lb.

a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.

Direct Materials Price Variance	$
Direct Materials Quantity Variance	$
Total Direct Materials Cost Variance	$

b. The direct materials price variance should normally be reported to the . If lower amounts of direct materials had been used because of production efficiencies, the variance would be reported to the . If the favorable use of raw materials had been caused by the purchase of higher-quality raw materials, the variance should be reported to the . image text in transcribed

Direct Materials Variances The following data relate to the direct materials cost for the production of 2,100 automobile tires: Actual: 56,800 lbs. at $1.95 per Ib. Standard: 57,900 lbs. at $2 per lb. a. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. Direct Materials Price Variance Direct Materials Quantity Variance Total Direct Materials Cost Variance Favorable b. The direct materials price variance should normally be reported to the Unfavorable flower amounts of direct materials had been used because of production efficiencies, the variance would be reported to the If the favorable use of raw materiale odsed by the purchase of higher-quality raw materials, the variance should be reported to the