Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please answer all questions clear. thank you Calculating the Direct Materials Price Variance and the Direct Materials Usage Variance Guillermo's Oil and Lube had 940
Please answer all questions clear. thank you
Calculating the Direct Materials Price Variance and the Direct Materials Usage Variance Guillermo's Oil and Lube had 940 oil changes. Guillermo's Oil and Lube Company provided the following information for the production of oil changes during the month of June: Actual number of oil changes performed: 940 Actual number of quarts of oil used: 6,400 quarts Actual price paid per quart of oil: $5.30 Standard price per quart of oil: $5.20 Required: MPV $ MUV $ 2. Calculate the total direct materials variance for oil for June. If required, round your answer to the nearest cent. $ What would be the materials price variance (MPV)? What would be the materials usage variance (MUV)? $Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started