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Please show your work. Thanks A company provided the following direct materials cost information. Compute the total direct materials cost variance. $814,000 Standard costs assigned:
Please show your work. Thanks
A company provided the following direct materials cost information. Compute the total direct materials cost variance. $814,000 Standard costs assigned: Direct materials standard cost (407,000 units @ $2.00 / unit) Actual costs: Direct materials costs incurred (405,750 units @ $2.20 / unit) $ 892,650 0 $78,650 Unfavorable. 0 $2,500 Favorable. 0 $81,150 Favorable. 0 $78,650 Favorable. 0 $81,150 UnfavorableStep by Step Solution
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