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I just need proper work shown for this answer. I have the correct answer down below. 1. DM Price Variance: $2,700F 2. DM Quantity Variance
I just need proper work shown for this answer. I have the correct answer down below. 1. DM Price Variance: $2,700F 2. DM Quantity Variance $38,700U Star Corporation reported the following standards for direct material for the year: Standard cost per gram $64.50/gram Standard quantity per unit 8 grams per unit In the past month, the company purchased 9,000 grams of material at a total cost of $577,800. A total of 8,600 grams were used to produce 1,000 units. Calculate the direct material price variance and the direct material quantity variance. What is the total direct material variance
I just need proper work shown for this answer. I have the correct answer down below.
1. DM Price Variance: $2,700F
2. DM Quantity Variance $38,700U
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