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QS 23-7 Materials variances LO P2 Tercer reports the following for one of its products Direct materials standard (5 lbs. e $10 per lb.) $
QS 23-7 Materials variances LO P2 Tercer reports the following for one of its products Direct materials standard (5 lbs. e $10 per lb.) $ Actual finished units produced Actual cost of direct materials used 50 per finished unit 80,000 units $4,029,000 Compute the total direct materials cost variance and classify it as favorable or unfavorable. Direct materials cost variance
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