Question
PLEASE HELP Jamaica Company set the following standards for direct materials at the beginning of 2019: 160 milligrams per unit at a standard cost of
PLEASE HELP
Jamaica Company set the following standards for direct materials at the beginning of 2019:
160 milligrams per unit at a standard cost of $9.50 per milligram
At the end of 2019, Granada reported the following actual results:
Purchased 40,000 milligrams at $9.58 per milligram. Of the 40,000 milligrams, 37,000 milligrams were used to produce 240 units.
Required: Calculate the direct material price variance and direct material quantity variance. Show work and label each answer....... Note: The amount purchased does not equal the amount used, you must use the 4-line approach
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