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help please!!! Problem 5 ( 6 points each =12 points) Direct material Price Variance is (AQ *AP) - (AQ *SP) or (AP - SP)AQ. A
help please!!!
Problem 5 ( 6 points each =12 points) Direct material Price Variance is (AQ *AP) - (AQ *SP) or (AP - SP)AQ. A company developed the following per-unit standard for its product: direct materials at $6 per pound. Last month, 2,000 pounds of direct materials were actually purchased for $11.400. Calculate the direct materials price variance for last month. Please show work. Direct material Quantity Variance is (AQ*SP) - (SQ *SP) or (AQ - SQ)SP. The per-unit standards for direct materials are 2 gallons at $4 per gallon. Last month, 11,200 gallons of direct materials was actually used to produce 6,000 units of product. Calculate the direct materials usage variance for last month. Please show work Step by Step Solution
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