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Direct Materials Variances The following dota relate to the direct materials cost for the production of autemobie tires: Actual: 50,100 bos, at $1.80 per lo.
Direct Materials Variances The following dota relate to the direct materials cost for the production of autemobie tires: Actual: 50,100 bos, at $1.80 per lo. Standard: 49,100los, at $1.85 per ib. a. Determine the direct matedals price variance, direct materials quactify variance, and total direct materials cost variance. Enter a favorable variance as a negative number using a minus sign and an unfavorsble vanance as a positive number, b. The direct materials price varlance should normally be reported to the When lower amounts of sirect materials are used beciuse of production elficiencies, the varianen would be reported to the When the favorable use of raw materials is coused by the purchase of highercquahty raw materials, the variance should be reported to thel
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