"Longman, Inc. is a manufacturer of lead crystal glasses. The standard direct materials quantity is 0.7 pound per glass at a cost of $0.40 per pound. The actual result for one month's production of 7400 glasses was 1.2 pounds per glass, at a cost of $0.20 per pound.

Calculate the direct materials cost variance and the direct materials efficiency variance."

Homework: Homework CH23 4 of 10 (4 complete) HW Score: 20.94%, 20. Score: 0.94 of 5 pts WS23-6 (similar to) Questic Longman, Inc. is a manufacturer of lead crystal glasses. The standard direct materials quantity is 0.7 pound per glass at a cost of $0.40 per pound. The one month's production of 7,400 glasses was 1.2 pounds per glass, at a cost of $0.20 per pound. Calculate the direct materials cost variance and the dire efficiency variance Select the formula, then enter the amounts and compute the cost variance for direct materials and identify whether the variance is favorable (F) or unfave Actual Quantity - Direct Materials Cost Variance Actual Cost 0.20 Standard Cost 0.40 ( $ ) X Choose from any list or enter any number in the input fields and then click Check Answer 12 remaining 2 parts Clear All Final Chel