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QS 21-7 Materials variances exception LO P2 Tercer reports the following for one of its products. Direct materials standard (10 lba. Actual finished units produced
QS 21-7 Materials variances exception LO P2 Tercer reports the following for one of its products. Direct materials standard (10 lba. Actual finished units produced Actual coat of direct materials used $6 per lb.) $ 60 per finished unit 40,000 units $2,438,000 Compute the total direct materials cost variance and classify it as favorable or unfavorable. % Answer is complete but not entirely correct. Direct materials cost Unfavorable variance
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