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giovanni company produces a product that requires four standard gallons per unit. the standard price is $34.00 per gallon. if 3,500 units required 14,400 gallons,
giovanni company produces a product that requires four standard gallons per unit. the standard price is $34.00 per gallon. if 3,500 units required 14,400 gallons, which were purchased at $33.25 per gallon, what is the direct materials, price variance, quantity variance, and cost variance.
Please explain and break it down if possible. I've attempted the problem and it seems too easy however I feel like I keep getting the wrong answer and it's frustrating since I do the exact same thing as the examples show. TIA
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