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I need some help figuring this out please, thanks Standard and actual costs for direct materials for the manufacture of 1,000 units of product were
I need some help figuring this out please, thanks
Standard and actual costs for direct materials for the manufacture of 1,000 units of product were as follows: Actual costs 1,550 lbs. @ $9.10 Standard costs 1,600 lbs. @ $9.00 Determine the (a) quantity variance, (b) price variance, and (c) total direct materials cost variance. Enter favorable variances as negative numbers. Quantity variance Price variance Total direct materials cost varianceStep by Step Solution
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