PE23-1A Direct materials variances

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ercises PE 23-1A Direct materials variances Lo-bed Company produces a product that requires two standard gallons per unit. The standard price is $20.00 per gallon. If 4,000 units required 8,200 gallons, which were OBJ.3 variance, and (c) cost variance? PE 23-1B Direct materials variances Dvorak Company produces a product that requires five standard pounds per unit. The standard price is $2.50 per pound. If 1,000 units ired 4,500 pounds, which were urchased at $3.00 per pound, what is the direct ariance, and (c) cost variance? OBJ. 3 ice variance, (b) quantity