Question
Jacques Company planned to use 18,000 pounds of material costing $2.50 per pound to make 4,000 units of its product.In actually making 4,000 units, the
Jacques Company planned to use 18,000 pounds of material costing $2.50 per pound to make 4,000 units of its product.In actually making 4,000 units, the company used 18,800 pounds that cost $2.54 per pound.
(a)Calculate the direct materials price variance.
(b) Calculate the direct materials quantity variance.
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Managerial Accounting For Managers
Authors: Eric Noreen
1st Edition
73526975, 978-0073526973
