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Direct Materials Variances The following data relate to the direct materials cost for the production of 2 , 5 0 0 automobile tires: Actual: ,
Direct Materials Variances The following data relate to the direct materials cost for the production of automobile tires: Actual: at $ per lb Standard: at $ per 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 higherquality 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 automobile tires:
Actual: at $ per lb
Standard: at $ per
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 higherquality raw materials, the variance should be reported to the
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